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Eastern Africa Power Pool

Forests play a crucial role in enhancing human well-being and in sustaining the economy of Zambia. They contribute to economic growth, employment, wealth, export revenues, a stable supply of clean water, recreation and tourism opportunities, as well as essential building materials and energy for a wide range of economic sectors. However, Zambia has one of the highest per capita deforestation rates in Africa. The Government’s efforts to reduce emissions from deforestation and forest degradation and increase the role of conservation, sustainable management of forests and enhancement of forest carbon stocks (REDD+) have the potential to halt the rate of deforestation in the country. This can happen if the country manages to successfully implement its national strategy to reduce emissions from deforestation and forest degradation, and, thereby, leverage financing and investments opportunities for REDD+ implementation including through results-based payments. Actions to reduce deforestation could be an important catalysing factor for the country to transition to a Green Economy, especially if REDD+ implementation is embedded in the country’s ambitious development and economic objectives. Thus, the potential is great for the forestry sector to play a very important role in the country achieving its Vision 2030 goals. This report provides an economic rational