{"id":36389,"date":"2021-04-06T13:46:48","date_gmt":"2021-04-06T13:46:48","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?p=36389"},"modified":"2026-04-22T18:42:58","modified_gmt":"2026-04-22T18:42:58","slug":"romance-highlights-the-landscape-of-climate-finance-in-kenya","status":"publish","type":"post","link":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/romance-highlights-the-landscape-of-climate-finance-in-kenya\/","title":{"rendered":"Highlights from the Landscape of Climate Finance in Kenya"},"content":{"rendered":"\n

Kenya is situated in the eastern part of Africa. It is world renowned for its dramatic landscape, rich blend of wildlife, and routinely adds to its gold deposits by crowding the top spot at global long distance running events. It also happens to be the region\u2019s economic powerhouse (historically at least). Its exports comprise mostly of agriculture produce such as tea, coffee, and flowers. It has also shared the success of its mobile money transfer service, M-pesa, to as far as Afghanistan where it is known as M-paisa.<\/p>\n\n\n\n

The developing nation is working towards becoming an industrialized nation and achieving the upper middle-income status by 2030. However, Kenya\u2019s economy relies heavily on sectors such as agriculture and tourism (25% and 10% of Gross Domestic Product respectively), that are increasingly affected by climate changes and hampers her efforts towards middle-income status and industrialisation. Worse still, Kenya, like other developing nations, is disproportionately bearing the burden of climate change effects.<\/p>\n\n\n\n

Kenya accounts for less than 0.1% of global Green House Gas<\/a> (GHG) emissions and its per capita emission is less than half the global average; yet Kenya suffers disproportionately from climate related disasters.\u00a0 Such was the case during the 2014 – 2018<\/a> drought which pushed 3.4 million Kenyans (about 6% of the population) into severe food insecurity. Then, in 2018 floods destroyed 8,500 hectares of crop, drowned over 20,000 head of livestock, and displaced more than 230,000 people and 150,000 children. Down at Kenya\u2019s coastline, the rising sea temperature and associated sea level rise could aggravate coastal erosion, augment saline intrusion, cause tidal flooding and inhibit coastal drainage. This is expected to impact up to 86,000 coastal dwellers a year by 2030<\/a>. Already, climate related disasters lead to yearly economic losses estimated at 2%-2.8% of Kenya\u2019s GDP. In the future this could worsen given Kenya\u2019s is dependent on many climate sensitive sectors (largely agriculture). For example, take Kenya\u2019s cut flower industry, a key foreign exchange earner which contributes about 1% of GDP and employs more than 500,000 people. It faces tough odds, in the form of prolonged cold weather periods, high temperatures in greenhouses, and heavy rainfall. Consequently, scheduled cutting to match demand on key dates such as Valentine\u2019s Day is becoming ever more challenging. Unless mitigation and adaptation actions are taken to counter climate related challenges, such sectors are bound to suffer both domestically and in key export markets such as the United Kingdom.<\/p>\n\n\n\n

\u201cKenya accounts for less than 0.1% of global Green House Gas (GHG) emissions and its per capita emission is less than half the global average; yet Kenya suffers disproportionately from climate related disasters.\u201d<\/strong><\/p><\/blockquote>\n\n\n\n

In responding to climate related challenges, Kenya has become a leader in policy action against climate change, developing its first National Climate Change Response Strategy (NCCRS) in 2010 and a National Climate Change Action Plan (NCCAP) in 2013. Building on this, Kenya submitted an ambitious Nationally Determined Contributions (NDC) at the 2015 Paris Climate Summit. The NDC detailed the mitigation and adaptation priority actions which would reduce GHG emissions by 30% by 2030 relative to the business-as-usual scenario. But submitting NDC\u2019s is one thing, financing them is another. In 2018, Kenya estimated it would need USD 18.3 billion for the 2018-2022 period (equivalent to USD 4.6 billion per year). These estimates were adjusted upwards to USD 62 billion for the 2020-2030 period (equivalent to USD 6.2 billion per year) in the revised NDC, submitted to the UNFCCC in December 2020. To implement its NDC, Kenya would not only require financial assistance but the best available policy, technical, governance, and legal expertise to facilitate technology development and transfer, and capacity building.<\/p>\n\n\n\n

In that regard and to get a better understanding of climate finance flows in Kenya, the National Treasury partnered with Climate Policy Initiative, the lead partner of the GNIplus <\/sup>program. Together, they analyzed the 2018 climate finance flows from domestic and international sources (both public or private) to examine which sectors were receiving support, and ultimately whether it was aligned with the climate ambitions and needs of Kenya. The report that followed highlights the following key highlights.  <\/p>\n\n\n\n