This section explores financial solutions and investments that support a low-carbon, climate-resilient, and sustainable economy. Here, we highlight innovations in green economy, climate finance, carbon markets, and environmental funding that drive positive impact for people and the planet.
Kenyan MPs want Green Climate Fund money used locally to benefit communities, not foreign consultants. They’re pushing for greater involvement in climate projects like FLLOCA and demanding accountability in fund allocation and use.
Read MoreAccording to the Financial Sector Deepening Kenya (FSD Kenya) Trust, the main reason for counties paralysis in unlocking green financing is continued heavy reliance on grants rather than exploring other financing models such as green bonds, concessional loans, and blended finance.
Read MoreKenyan banks are racing to increase the amount of loans advanced to environmentally friendly projects as the country and the world battle to minimize the impact of climate change by increasingly financing to less harmful projects.
Read MoreEconomists say that African economies and their central banks need to transform the financial system to mobilize investments to address the climate crisis, which is expected to hit agriculture, water, energy and tourism in Kenya, denting economic output by more than 7% by 2050 if the country does…
Read MoreAccording to National Environment Management Authority (NEMA) Director General Mamo B. Mamo, the Kenyan government is accelerating the development of three key regulations to activate carbon markets. Following the recent Climate Change Act of 2016 amendment, governance measures for both carbon markets and non-markets have been established.
Read MoreThe recent endorsement of global carbon market standards under Article 6.4 during COP29 in Baku marks a significant development in climate finance and carbon emissions trading, especially beneficial for developing countries like Kenya. This standard allows countries to trade carbon emission reductions, aiming to accelerate the implementation of…
Read MoreKenya has emerged as the leading country in East Africa regarding per-capita consumption-based carbon emissions. According to recent data, the average Kenyan lifestyle contributes approximately 0.6 tonnes of carbon dioxide (tCO₂) per person annually.
Read MoreBy Neville Ng’ambwa In a significant step toward fostering environmental sustainability, Kenya held bilateral talks with the European Union (EU) Commissioner for Climate Action, Wopke Hoekstra, at the Kenyan Consulate in New York. The discussions centered around the proposed EU-Kenya Green Partnership, designed to enhance cooperation on various…
Read MoreResearchers are emphasizing the urgent need for governments to enhance carbon dioxide removal (CDR) strategies to meet global climate goals. The 2024 State of Carbon Dioxide Removal report, released by the Smith School of Enterprise and the Environment, highlights a significant gap between current CDR efforts and what…
Read MoreBy Peter Ngare Carbon credits and other market-based approaches to conserve forests have failed to stop the destruction of trees and alleviate poverty, a new report by the International Union of Forest Research Organizations (IUFRO) shows. This comes at a time when carbon markets are projected to grow…
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