Climate Finance in Kenya

Introduction

Climate Finance (CF) is critical to Kenya’s full realisation of  the policy goals as set out in the sustainable development  goals (SDGs), the 2015 Paris Agreement and the African  Union Agenda 2063. An effective response to the challenge  of climate change requires robust financial mechanisms to  put in place systems, initiatives and programmes supportive  to mitigation and adaptation measures. As global climate  policy implementation progresses under the Paris  Agreement, there has been an increased realisation that  developing African countries such as Kenya will require  effective and enabling financial and technical support. The  new era of climate change under the Paris Agreement has  strived to correct this by establishing more flexible funding  such as the Green Climate Fund (GCF) and support windows  to integrate the needs of all developing countries in the  funding process. Countries also have the opportunity to  draw from additional emerging funding windows outside the  UNFCCC, including bilateral grants and loans, green bonds  and climate change trust funds at national at subnational  level. Based on the experiences and achievements so far,  Kenya has a huge opportunity to build a more robust climate finance mechanism taking advantage of its global networks  and linkages, ensuring political success and learning lessons  on what has been achieved so far. This policy brief provides  some pointers climate financing strategies for Kenya based  on the country’s experiences up to the present day.

Policy Brief : Climate Finance in Kenya

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