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Kenya aims to drive climate finance conversation in African summit

Kenya occupies an interesting position in Africa’s climate equation. The East African country has been gravely affected by changing weather patterns and a fall in disposable income available for necessities. Extreme weather, alternating between severe droughts and devastating floods, has not only destroyed homes and imperilled lives, it has also exerted a heavy toll on agriculture, a major economic activity and driver of growth in the country. In the first half of 2022, the agriculture sector contracted by 1.5%, according to the Alliance for Science. The organisation also estimates that in that same period, 3.5m people in Kenya faced food insecurity, while climate and climate-related pressures are estimated to occasion long-term fiscal liabilities of 2% to 2.8% of GDP each year. In 2022 alone, the World Bank estimates that an adverse climate costs the Kenyan economy about 0.3% of GDP. For ordinary people, that means higher food prices in the market. A leader in renewable energy Perhaps because of its exposure, Kenya is a regional leader in the use of renewable energy, which accounts for over 80% of the energy generated in the country, according to the Kleinman Centre for Energy Policy. While hydropower and geothermal sources have long been a part of its energy mix, recent expansions in the use of solar and wind have taken it closer to the target set by President William Ruto, of 100% renewable sources by 2030. More than a third of the country’s 170 MW of installed solar capacity, for example, was added in 2021 alone, pointing to a ramping-up of efforts and the potential for even more growth. It is not surprising, then, that Kenya would seek to play a leading role in focusing the climate conversation in Africa, following what was dubbed the African Cop in Egypt last November and ahead of the crucial Cop28 opening in the United Arab Emirates on 30 November. That is the rationale behind the Africa Climate Summit, which is to be held from 4 to 6 September in Nairobi under the theme “Driving green growth and climate finance solutions for Africa and the world’. https://african.business/2023/08/resources/kenya-aims-to-drive-climate-finance-conversation-in-african-summit

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  • Rotich Kim

    69 w

    Mr president is passionate about climate I believe he will still achieve more policies good for our environment

    2
    • Jane Wangui

      68 w

      @rotich_kim he has been doing so well in this fight.

      1
    • Videlis Eddie

      75 w

      Kenya is moving in the right direction....

      2
      • Harrison wambui

        76 w

        Amazing

        4
        • Edwin wangombe

          76 w

          Kenya is doing great

          5
          • Komu Daniel

            76 w

            Amazing move by kenya

            6
            • We Don't Have Time

              76 w

              Dear Rukia Ahmed Abdi Your climate love has received over 50 agrees! We have reached out to Government of Kenya by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

              5
              • Ajema Lydiah

                76 w

                I wish the conversation favours the climate fundings

                12
                • Peter Karanga

                  76 w

                  Climate finance is a crucial aspect of tackling climate change and supporting developing nations in their efforts to mitigate and adapt to its effects. By taking a proactive role in initiating and leading discussions on climate finance, Kenya is demonstrating its commitment to finding sustainable solutions and advocating for the needs of African countries. This effort will not only contribute to raising awareness about the importance of climate finance but also help in mobilizing resources and gaining support from other nations. It is a positive step towards promoting climate resilience and sustainable development in Africa.

                  9
                  • Princess

                    76 w

                    That's a bold move..keep it up

                    6
                    • Gorffly mokua

                      76 w

                      Looking forward to this!

                      5
                      • Annett Michuki..

                        76 w

                        amazing

                        15

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