Posted inGreen Finance
Kenya’s Climate Commitment Questioned as MPs Slash County Funding by 50%
Kenya’s commitment to climate action continues to be put to doubt, with the recent move…
Posted inGreen Finance
Kenyan MPs Demand Local Use of Climate Fund Cash
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.
Posted inGreen Finance
Counties Struggle to Tap Green finance for Sustainable Development
According 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.
Posted inGreen Finance
KCB Doubles Green Loans Disbursement to KES 53 billion
Kenyan 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.
Posted inGreen Finance
Kenya and South Africa Banks Drive Africa’s Green Finance Shift
Economists 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 not take action.
Posted inGreen Finance
National Carbon Registry on the way as Kenya Eyes Carbon Markets
According 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.
Posted inGreen Finance
COP29 Agrees International Carbon Market Standards
The 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 climate action plans through financial support and accessible carbon markets.
Posted inGreen Finance
Kenya Leads East Africa in Consumption-Based Carbon Emissions
Kenya 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.
Posted inGreen Finance
Kenya, EU Green Partnership
By Neville Ng'ambwa In a significant step toward fostering environmental sustainability, Kenya held bilateral talks…
Posted inGreen Finance
Researchers Urge Expansion of CO2 Removal to Meet Climate Goals
Researchers are emphasizing the urgent need for governments to enhance carbon dioxide removal (CDR) strategies…