The Kenya National Treasury secures a significant financial boost of over Sh200 billion through strategic engagement with international climate finance initiatives. This includes securing Sh99 billion from the Climate Investment Funds and the IMF’s Resilience and Sustainability Fund, with Sh88.5 billion earmarked for crucial climate-resilient infrastructure projects.
These funds will play a pivotal role in advancing renewable energy, afforestation, and climate-smart agriculture, while also attracting private-sector investments to amplify their economic impact.
Moreover, a Sh11.2 billion initiative from the CIF aims to integrate renewable energy into Kenya’s grid, aligning with the country’s ambitious target to reduce greenhouse gas emissions by 32% by 2030, showcasing Kenya’s commitment to combining fiscal responsibility with environmental sustainability.
