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Environmental Financing

by Ishimwe Eric Josue | 10-03-2018 16:55 recommendations 2

Hello my fellow ambassadors. I'm glad to share with you my first report as 20th regional ambassador to Rwanda. In this report I'm going to discuss about how environmental activities should be financed, and why it is very important to finance environmental projects. We will also see priority sectors under environmental contest which should be our opportunity cost on our scale of preference.

Let us start with the whys. why is it important to financially support environmental projects? The first reason that headed others is "human health". Distinguish health with life, even if both can be the reasons for environmental financing but health come first. when we talk about health we meant biological and physical function of our body while life includes all things that play an important role in our welfare and well being. So, knowing that environment worthy human health and life should be the main driving force to finance environmental initiatives. Of course there are much more but all of them are attached on the above twos.

Then how environmental activities should be financed? When we talk about financing we mainly focus on how sustainable is the project, how impact-fully is the project, and which outcomes it will bring. So it is very essential to make sure that the project you want to finance is viable through SMART analysis. This doesn't concern only the donors and supporters of the project, but as well to the owner of the project. The owner of the project should make sure that, his/her project is aligned with global environmental agenda and his/her local government preferable sector of investment.

Here we jump to prioritization. It is very crucial to prioritize projects accordingly. Prioritizing projects play an important role in investment by making sure that fund goes to the right project which really deserve it. Environment is a wide concept which involves distinguished economic activities such as agriculture, fishing and many more. So it is important to know to which sector is more appropriate depending upon people's need in a certain region.

Thus we know how financing is meaningful in environmental projects, we can now make good projects that are worthy to invest within. Projects that fulfill all the above, projects that are more people oriented than money oriented because environment holds all people's health and life, so if you are more money oriented, people will end up not affording your service or commodity; and if that service or commodity play an important role in their daily life, those who can't afford it, will be dying of chronological diseases. Environmental initiatives is the hardest thing i ever seen because it requires passion, compassion, and commitment.Not everyone can do that.
 
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5 Comments

  • Gyeongrin mentor says :
    Hello Ishimwe!

    Your report about environment financing is very insightful. When we make a plan, expense is always a constraint that we have to keep in mind. As the report says, we should pick projects that will effect maximum regions(globally) in a meaningful way, and make sure that the money needed is acceptable. To do so, lots of conversation will be need with researches based on engineering. To predict the amount of money needed and to prioritize projects, we will need a solid reason based on science.
    I will be looking for your next report~

    Thanks!!!
    Posted 11-03-2018 12:10

  • Sumit Chowdhury says :
    before implementing any project, a planned framework and feasibility of the project should be judged. Money should be spent wisely otherwise the outcomes will nit be as expected.
    Posted 10-03-2018 23:26

  • Joon Ho Mentor says :
    Hello Ishimwe!
    Nice to see you again 20th E-gen family :)
    I see your report is about environmental financing and its original sources coming from.
    Today, in climate change conventions and other types of communities around them are paying a lot of attention toward the relationship between financial criteria and climate change prevention.
    But this is just one of the rhyme of the total outlines of anti-climate change activities, and I do also agree with your opinion on the last paragraph concerned with groups of people who get the most severe impact from climate change.

    Not everyone can 'easily' take part in environmental initiatives, but I do think our E-gen family members can do so, like you do think sincerely about the condition of international environmental currents and issues :)

    Hope you can do make out your own 'initiative' against climate change in the future!
    Posted 10-03-2018 21:33

  • Victor eke mba says :
    Your article is very interesting keep it up...
    Posted 10-03-2018 18:04

  • Victor eke mba says :
    Your article is very interesting keep it up...
    Posted 10-03-2018 18:04

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