In 1991, the Directorate of the Environmental Affairs (DEA), of the Ministry of Environment and Tourism (MET), through a mandate authorized by Cabinet was made responsible for the prudent management of the Namibian environment. Through the DEA, Namibia prepared and submitted its "Green Plan" to the UNCED conference in 1992. This plan proposed to accomplish a number of actions to protect the environment while ensuring economic development and social progress.
It was recognized however that the government did not possess the resources required to fulfil all the actions necessary to achieve the objectives of the plan. An alternate source of financial resources to complement government's resources was required. Government and its partner agencies decided to establish an environmental trust fund and so the idea of the Environmental Investment Fund (EIF) was born.