Maputo, Oct. 7, 2026 (Lusa) - Mozambican authorities on Wednesday identified tax incentives, the regulation of sustainable bonds and the fragmentation of institutional responsibility as structural barriers to mobilising finance for climate projects, calling for ongoing dialogue and support from partners to overcome these constraints.
Albano Manjate, National Director of Climate Finance at the Ministry of Planning and Development (MPD), made this assessment at the second National Climate Finance Conference, where he was the keynote speaker.
Whilst acknowledging progress in drawing up the roadmap for defining the taxonomy of green investments, he accepted that obstacles remain to the consolidation of this instrument, which is considered essential for the operationalisation of financing mechanisms.
«Alongside the taxonomy, we have the regulation on sustainable bonds, which also needs to be approved. Obviously, the fact that these instruments are not yet operational remains a barrier,» said Manjate.
Another barrier, according to him, relates to the tax incentives that should accompany efforts to promote green investment, as well as the fragmentation of institutional responsibilities.
«This means that the challenge of coordination is constant, both at the level of public institutions and amongst our partners,» he added.
Manjate therefore called for ongoing dialogue between institutions to tackle the challenges affecting an area of extreme importance for small and medium-sized enterprises' access to finance, at a time when the number of structured and financeable projects remains low.
At the conference, which served as a platform for dialogue and consultation aimed at strengthening the national climate finance ecosystem and driving investment towards sustainable and resilient development, he called for the joint identification of key investment priorities and fundable projects to be presented to investors.
However, he conceded that reliance on external models to strengthen local institutions remains an obstacle, whilst acknowledging the technical support provided by accredited international institutions: «There is a need for our institutions to also achieve accreditation so that they can embrace the development agenda and the climate agenda.» In this regard, Manjate called on partners to support the development of technical capacities within national institutions, in order to overcome constraints in the financing of green projects.
Mozambique intends to create a national portfolio of fundable climate projects to bring together project developers, the Government, banks, climate funds and investors, with a view to meeting the investment needs arising from climate change, as announced today by the Minister for Planning and Development, Salim Valá, at the same event.
Mozambique is considered one of the countries most vulnerable to the effects of climate change, regularly experiencing floods, tropical cyclones and other extreme weather events during the rainy season.
According to data from the National Institute for Disaster Risk Management and Reduction (INGD), the last rainy season, between October and April, caused 311 deaths and affected around 1.07 million people in different regions of the country.
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