Economic and social sectors will require $9,9 billion in the next five to 10 years to cope with climate change according to a financial breakdown released by the Government, reports Jeffrey Gogo for The Herald. According to the report, the action plan pays special attention to the water and agriculture sectors. Combined, the two sectors will require $5,5 billion to cope, or 55 percent of the total estimated national adaptation spending. Among the planned expenditures, disaster risk reduction and management will require $519 million.
In his opinion piece, Jeffrey Gogo asserts that the cost for mitigating and adapting to climate change in Zimbabwe will not remain static. "Significant financial resources will need to be allocated by the Government treasury; the private sector, green climate funds; bilateral donor and international agencies support; adaptation fund, mitigation financing including Clean Development Mechanism; international, regional and local banks," suggests the NCCRS. Gogo calls for fulfilment of funding promises from all parties.