Ahead 2025 budget, WWF Zambia proposes forestry sector fund in support of green economy goals

WWF Zambia has proposed the establishment of a Forestry Sector Fund (FSF) funded by revenues from the Carbon Tax, aiming to revitalize and fully operationalise the forestry sector in support of Zambia’s green economy goals.

In its 2025 budget proposal, WWF said that channeling Carbon Tax revenues into the FSF would ensure adequate resources for scaling up forestry sector operations, crucial for achieving national climate targets.

“The current practice of depositing Carbon Tax revenues into general funds disadvantages the forestry sector,” WWF stated, highlighting the sector’s critical role in carbon sequestration and climate resilience.

WWF underscored the importance of protecting Zambia’s forests, which serve as vital carbon sinks and play a significant role in maintaining the country’s rain cycles and advancing the green economy.

Furthermore, WWF called for amendments to the Zambia Wildlife Act to prohibit mining activities within protected areas, advocating for biodiversity conservation and sustainable revenue generation through initiatives like biodiversity carbon credits.

The organization emphasized the need for strategic investments and policy reforms to enhance ecological services and ensure sustainable development across Zambia’s natural landscapes.

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