From Italy comes another grant to Kenya for the climate emergency. Rome and Nairobi yesterday signed a EUR 150 million agreement for the African country's ‘climate mitigation and resilience building’. Visite guidate in Kenya
The aid comes from the Italian Climate Fund (Fic), managed by Cassa Depositi e Prestiti, which is the instrument set up by the Italian government to finance projects to combat climate change and protect the environment in developing countries (and 75% in Africa). It is one of the initiatives envisaged under the Mattei Plan, under which over 4 billion euro have been earmarked and projects worth over 552 million have already been approved, 91% of which are earmarked for Africa.
The agreement was signed at Cop29 in Baku in the presence of Deputy Foreign Minister Edmondo Cirielli, Undersecretary for the Environment Claudio Barbaro, and the director of Nema, the national environmental authority, Mamo B. Mamo.
Among the measures that the Kenyan government has pledged to activate are the strengthening of sustainable urban transport to reduce emissions from fossil fuels, incentives for reforestation, resulting in lower CO2 emissions, and the development of financial instruments to combat climate change, such as a market for carbon credits and green bonds to support the country in its transition to a green economy.
To implement these measures, the government will have to implement a series of political, regulatory and legislative reforms.
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1 w
Happy about this at least there's progress from the cop meetings hoping more of the wealthy countries will follow too
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5 d
@zelda_ninga_442 but i hope that these funds will be put into good work and not end up in people's pockets
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2 w
It's a testament to the collaborative efforts needed to tackle global climate challenges and a positive example of international cooperation.
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5 d
@peter_karanga this commitment by Italy is a testament that their international cooperation will work miracles.. and should be encouraged
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2 w
This is a win for Kenya and a big win for Africa at large. Keep up with the good work guys we are getting there.
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5 d
@charles_vibronix i agree but if only these funds are used properly
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2 w
wow! that's only word i can use now, for this worth news.
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5 d
@patrick_kiash i agree! Its amazing news
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2 w
Nice This €150 million pledge from Italy to Kenya is a significant step in tackling climate challenges while fostering Kenya's green economy. The focus on sustainable transport, reforestation, and green financial instruments sets a strong foundation for impactful, long-term resilience and emissions reduction.
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5 d
@munene_mugambi this is such a huge commitment i hope that the Kenyan government has plans and policies in place to ensure that these funds are used for the right reasons
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2 w
Dear Kevin Your climate love has received over 50 agrees! We have reached out to COP29 Azerbaijan 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
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2 w
Italy's support for African climate projects strengthens global partnerships in combating climate change, reinforcing the principle that collective action is essential to addressing this global crisis.
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2 w
@rashid_kamau Exactly, Italy’s commitment exemplifies the power of collaboration in climate action. By supporting African nations like Kenya, it highlights how shared resources and partnerships can drive meaningful progress toward global sustainability goals.
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5 d
@rashid_kamau absolutely... And other first class countries should emulate this
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5 d
@munene_mugambi we need more rich countries to commit to such ... Helping poor countries combat climate change
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2 w
Wow this is amazing..with such funds Kenya will surely achieve it's climatic goals by the year 2030.
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2 w
@rosebellendiritu Absolutely! With targeted initiatives like sustainable transport, reforestation, and green financing supported by this funding, Kenya is well-positioned to make significant strides toward its 2030 climate goals and a greener future.
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5 d
@rosebellendiritu definitely... This is a huge achievement for Kenya... This will definitely boost Kenya's efforts towards achieving its climate goals
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5 d
@munene_mugambi i wish you were one of the advisers of the government coz you make such amazing points
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2 w
The funding from Italy will help Kenya and other African nations to implement critical climate mitigation projects.
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2 w
@grace_njeri_804 Indeed, this funding is pivotal for enabling Kenya and other African nations to execute essential climate initiatives, driving mitigation efforts, boosting resilience, and fostering sustainable development across the continent.
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5 d
@grace_njeri_804 i agree... This will help other countries achieve its climate goals
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5 d
@munene_mugambi such fund are needed by poor countries for them to fight climate change ... Italy has shown a good example that should be emulated by others
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2 w
This is great news! But we must also not forget to demand for accountability!
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5 d
@gorffly_mokua definitely we need proper accountability in this case
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2 w
Pivotal steps toward a greener future
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2 w
@dickson_mutai True! They are heading to the right direction.
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2 w
Great news! This funding pledge is a significant achievement for Kenya-Italy collaboration at COP 29, with EUR 150 million dedicated to climate mitigation efforts, it will help implement renewable projects to cut emissions.
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2 w
This will be helpful in the climate change fight
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5 d
@annett_michuki absolutely... These funds will go a long way in boosting climate action in Kenya
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2 w
This is what COP is all about.
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5 d
@tabitha_kimani this is so far some good news coming from the COP
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2 w
Happy to see climate funds initiatives actualized and especially the poorer nations benefiting. I hope these funds will be channeled to the right project for the sake of a sustainable future.
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2 w
@joseph_githinji sure When this money is used well, effective change can be experienced
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2 w
@joseph_githinji Absolutely! Proper allocation is crucial for impactful, sustainable outcomes.
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5 d
@joseph_githinji i agree this is such great news coming from the COP 29
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5 d
@gorffly_mokua i agree.. we can only realize the benefits of these funds if they are used in the right way
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5 d
@annett_michuki absolutely... Property use can yield amazing results
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2 w
This is incredible news!. Investments like this show that climate finance is becoming more of a priority, which is essential for supporting adaptation efforts, developing renewable energy, and protecting vulnerable communities.
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5 d
@princess_nel_268 we need more countries to commit towards supporting poor countries achieve their targets