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The Kenya Times
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    Trump’s Brazil Tariffs Point More To His Enduring Bond With Far-Right Bolsonaro Than Economic Concerns

    Trump’s Brazil Tariffs Point More to His Enduring Bond with Far-Right Bolsonaro Than Economic Concerns

    Faith Jematia Kiptis, An Officer At The Ministry Of Treasury And Planning. Photo/Eacc

    Treasury Employee Forced to Refund Ksh67 Million Illegal Salary

    At Least 3 Kdf Soldiers Killed In Lamu Ied Attack

    At Least 3 KDF Soldiers Killed in Lamu IED Attack

    Mary Karen Sorobit, Appearing Before The Parliament For Vetting On May 31 2025 Photo/Parliament

    Profile of Mary Karen Sorobit, IEBC Commissioner

    Number Of Registered Voters Per Constituency In Bungoma County

    Number of Registered Voters Per Constituency in Bungoma County

    Gloria Orwoba To Appeal Sh10.5M Defamation Ruling Over Harassment Claims

    Defiant Orwoba Appeals Sh10.5M Court Fine Over ‘Unproven’ Harassment Claims

    The National Flag Of The United States Of America. The National Flag Of The United States Of America.

    US Deports the Son of a Kenyan-American Soldier to Jamaica

    European Ambassadors And High Commissioners Statement On Iebc

    European Ambassadors and High Commissioners Affirm Support for New IEBC

    Iebc Chairperson Erastus Edung During Vetting At The Parliament Photo/Parliament

    IEBC Denies Claims of Mass Voter Registration in North Eastern

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      Roam Electric Motorbikes In A Warehouse

      Boda Boda Riders to Get Roam Electric Bikes for as Low as Ksh 25,000 in New Deal

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      How AI is Being Used by African Creatives: Promise or Problem?

      Starlink Satellite Internet Kit

      Starlink Lifts Subscription Freeze in Nairobi After 7 Months Pause

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      New Generation Motorcycle Launched in Kenya: Features to Enjoy

      Tiktok

      TikTok Introduces Advanced Tools for Greater User ‘For You’ Feed

      First Kenyan-Owned Aircraft To Land On Australian Soil

      First Kenyan-Owned Aircraft to Land on Australian Soil

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    Wpp Scangroup Names Kaggwa As Interim Ceo To Replace Ithau

    WPP Scangroup Names Kaggwa as Interim CEO to Replace Ithau

    Blue Lounge, Eldoret Closes Down

    Blue Lounge Club in Eldoret Shuts Down

    Trade Cs Lee Kinyanjui. Photo/ Kinyanjui X. Global Ceo Survey .

    Govt to Host Multisectoral Forum with Traders After Protest Disruptions

    A View Of The Nairobi Central Station, Nairobi Terminus Link Train. Photo/Kenya Railways

    Kenya Railways Announces Refunds After Madaraka Express Suspension

    Equity Bank Awarded Best 2025 Regional Bank In Ea

    Equity Bank Honored as Leading Regional Bank in East Africa 2025

    Airtel Managing Director Ashish Malhotra. Photo/ Airtel

    Airtel Beats Safaricom After Hitting 24 Million Customers

    Stanbic Bank

    Stanbic Bank Licensed as Corporate Trustee to Oversee Investment Schemes

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    The Capital Markets Authority Ceo, Wyckliffe Shamiah, Delivering A Keynote Speech During The Carbon Markets Conference In Nairobi On May 23, 2025. Photo/Cma.

    Govt Approves New Investment Schemes and 10 Sub-Funds in Kenya

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    Co-Operative Bank Ceo And Md Gideon Muriuki. Photo/Co-Operative Bank

    Co-op Bank Responds to Woman’s Claim of Losing Ksh10 Billion 

    Alcohol Being Poured In A Glass. Photo/ Courtesy

    NACADA Defends Raising Kenyan Legal Drinking Age to 21

    A Photo Of Johns Hopkins Hospital. Photo/Jhu.edu

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    A Boy Receives A Dose Of The Pfizer/Biontech Vaccine Against Covid-19 At Discovery Vaccination Site In Sandton, Johannesburg | Afp

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    Why Being Shot in the Leg Can Be Fatal- Experts

    Rupha Hospitals Offer Free Emergency Services On Saba Saba

    Private Hospitals Offering Free Select Medical Services on Saba Saba

    Medical Examiner Or Forensic Scientist With Dead Man'S Corpse In Morgue. Photo/ Pexel

    Pneumonia and Cancer Emerge Among Lead Causes of Death in Kenya

    Aga Khan University Hospital Section Head, Nuclear Radiology And Chair, Department Of Radiology

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    Trump’s Brazil Tariffs Point More To His Enduring Bond With Far-Right Bolsonaro Than Economic Concerns

    Trump’s Brazil Tariffs Point More to His Enduring Bond with Far-Right Bolsonaro Than Economic Concerns

    Vulgar And Sexualized Language By Kenyan Political Class Must Stop

    Why Vulgar And Sexualized Language By Kenyan Political Class Must Stop

    Women In Sudan Face Significant Challenges, Including Limited Access To Education, Healthcare, And Economic Opportunities,

    Efforts to Empower Women in Sudan and the Challenges 

    Kenya 2025/26 Budget Draws Criticism Over Tax Burden

    Demystifying Revenue Measures and Expenditure Outlook in Kenya – 2025/26

    Discipline Crisis: How Weak Parenting Shapes Our Youth

    The Crisis of Discipline: How Weak Parenting is Shaping a Bleak Future for Our Youth

    Nairobi Declaration On Climate Change And Call To Action

    Why African Higher Education Should Focus on Disaster Management & Climate Change

    Govt To Recognize Jobless Kenyans Without Certificates. Miguna Miguna Calls Out Ruto On Useless Degrees Remarks

    Kenya’s Universities Are Producing Graduates, But Is the Industry Ready to Receive Them?

    Why Gen Z Protests Are A Threat To Kenya'S Politics And Status Quo

    Gen Z Is Not Passing Cloud But Seismic Change

    Donald

    At June’s NATO Summit, Just Keeping Donald Trump in the Room Will Be Seen as A Victory

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    Faith Jematia Kiptis, An Officer At The Ministry Of Treasury And Planning. Photo/Eacc

    Treasury Employee Forced to Refund Ksh67 Million Illegal Salary

    The National Flag Of The United States Of America. The National Flag Of The United States Of America.

    US Deports the Son of a Kenyan-American Soldier to Jamaica

    Iebc Chairperson Erastus Edung During Vetting At The Parliament Photo/Parliament

    Court Nullifies Notice on Appointment of IEBC Commissioners

    Ruto Goes After Judge Who Blocked Police From Erecting Roadblocks During Protests

    Ruto Goes After Judge Who Blocked Police from Erecting Roadblocks During Protests

    Ezekiel Mutua Ordered To Refund Ksh 27M Earned From Disputed Pay Rise

    Ezekiel Mutua Ordered to Refund Ksh 27M Earned from Disputed Pay Rise

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    Ocs Talaam

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    Namwamba Announces Wanjala On Verge Of Joining Elche Cf

    Namwamba Announces Wanjala on Verge of Joining Elche CF

    Kenya Rugby Union Announces Sevens Manager Job Vacancy

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    Football Marks 95 Years Since Historic World Cup Birth In Uruguay

    Football Marks 95 Years Since Historic World Cup Birth in Uruguay

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    Kenya Simbas Confident as Crucial Zimbabwe Semifinal Looms

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    Kenyan Content Creator Mc Exodus

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    Pastor Livingston Makali Sells Prayers for Ksh5,000

    Karangu Wa Muraya Criticised Over His Sha Praises.

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    Kenya’s Melissa Kariuki Joins Grammy’s Recording Academy

    Kenya’s Melissa Kariuki Joins Grammy’s Recording Academy

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    Trump’s Brazil Tariffs Point More To His Enduring Bond With Far-Right Bolsonaro Than Economic Concerns

    Trump’s Brazil Tariffs Point More to His Enduring Bond with Far-Right Bolsonaro Than Economic Concerns

    Faith Jematia Kiptis, An Officer At The Ministry Of Treasury And Planning. Photo/Eacc

    Treasury Employee Forced to Refund Ksh67 Million Illegal Salary

    At Least 3 Kdf Soldiers Killed In Lamu Ied Attack

    At Least 3 KDF Soldiers Killed in Lamu IED Attack

    Mary Karen Sorobit, Appearing Before The Parliament For Vetting On May 31 2025 Photo/Parliament

    Profile of Mary Karen Sorobit, IEBC Commissioner

    Number Of Registered Voters Per Constituency In Bungoma County

    Number of Registered Voters Per Constituency in Bungoma County

    Gloria Orwoba To Appeal Sh10.5M Defamation Ruling Over Harassment Claims

    Defiant Orwoba Appeals Sh10.5M Court Fine Over ‘Unproven’ Harassment Claims

    The National Flag Of The United States Of America. The National Flag Of The United States Of America.

    US Deports the Son of a Kenyan-American Soldier to Jamaica

    European Ambassadors And High Commissioners Statement On Iebc

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    Iebc Chairperson Erastus Edung During Vetting At The Parliament Photo/Parliament

    IEBC Denies Claims of Mass Voter Registration in North Eastern

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      Roam Electric Motorbikes In A Warehouse

      Boda Boda Riders to Get Roam Electric Bikes for as Low as Ksh 25,000 in New Deal

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      How AI is Being Used by African Creatives: Promise or Problem?

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      First Kenyan-Owned Aircraft to Land on Australian Soil

  • Weather
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    Wpp Scangroup Names Kaggwa As Interim Ceo To Replace Ithau

    WPP Scangroup Names Kaggwa as Interim CEO to Replace Ithau

    Blue Lounge, Eldoret Closes Down

    Blue Lounge Club in Eldoret Shuts Down

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    Kenya Railways Announces Refunds After Madaraka Express Suspension

    Equity Bank Awarded Best 2025 Regional Bank In Ea

    Equity Bank Honored as Leading Regional Bank in East Africa 2025

    Airtel Managing Director Ashish Malhotra. Photo/ Airtel

    Airtel Beats Safaricom After Hitting 24 Million Customers

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    Co-Operative Bank Ceo And Md Gideon Muriuki. Photo/Co-Operative Bank

    Co-op Bank Responds to Woman’s Claim of Losing Ksh10 Billion 

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    Trump’s Brazil Tariffs Point More to His Enduring Bond with Far-Right Bolsonaro Than Economic Concerns

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    Treasury Employee Forced to Refund Ksh67 Million Illegal Salary

    The National Flag Of The United States Of America. The National Flag Of The United States Of America.

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    Ezekiel Mutua Ordered to Refund Ksh 27M Earned from Disputed Pay Rise

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    Namwamba Announces Wanjala on Verge of Joining Elche CF

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    Kenya’s Melissa Kariuki Joins Grammy’s Recording Academy

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Navigating the Climate Change Agenda: The Crucial Role of Climate Financing

Kenya is already experiencing more frequent and severe droughts, which are having a devastating impact on agriculture, livestock, and water resources.

by James Wanjagi
September 9, 2023
Reading Time: 6 mins read
Climate Change Agenda: Crucial Role Of Climate Financing

Leaders and delegates during Africa Climate Summit in Nairobi. PHOTO/Courtesy.

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The climate change agenda refers to a global effort to address and mitigate the challenges posed by climate change. They include a wide range of policies, actions, and initiatives aimed at reducing greenhouse gas emissions, adapting to the impacts of climate change, and transitioning to a more sustainable and resilient world.

The agenda is driven by the recognition that human activities, particularly the burning of fossil fuels and deforestation, are leading to a warming of the Earth’s climate, which has far-reaching and potentially catastrophic consequences for the planet and its inhabitants.

In September 2023, Kenya hosted the inaugural Africa Climate Summit (ACS), where leaders, policy makers, climate experts, businesses, civil society organizations and other stakeholders from various countries came together to discuss and act on climate-related issues.

The summit ended on Wednesday September 6, 2023, with the “Nairobi Declaration” which called for world leaders to back global carbon taxes to fund climate action.

Everything You Need To Know About Carbon Credits
President William Ruto addressing Africa Climate Summit in Nairobi. PHOTO/PCS.

The declaration also called on the world’s biggest greenhouse gas emitters and its richest countries to keep their promises — noting an unfilled pledge of $100 billion in annual climate finance to developing nations, made 14 years ago — and for today’s world leaders to rally behind a global carbon tax on fossil fuels, aviation, and maritime transport.


Also Read: Ruto Praises Kenya’s Achievements at Africa Climate Summit


The lowest emitters in the world include African countries – who suffer from some of the worst impacts of climate change – and yet receive only 12% of the financing it needs to cope.

During the summit, governments and private investors committed billions of dollars to green initiatives, including a $4.5 billion (roughly €4.2 billion) pledge by November’s COP28 hosts the United Arab Emirates (UAE).

Why is the Conversation on Climate Change Important to Kenya?

Like any country, Kenya is vulnerable to the impacts of climate change.

This includes droughts, floods, and changing weather patterns. These challenges affect various sectors, such as agriculture, water resources, and infrastructure.

Kenya is already experiencing more frequent and severe droughts, which are having a devastating impact on agriculture, livestock, and water resources.

The 2017-2018 drought was the worst in Kenya’s history, leaving millions of people without food or water as well as the loss of over 1 million livestock.

In addition, climate change is leading to more intense rainfall and flooding, which are causing widespread damage to infrastructure and property.

The 2020 floods in Kenya were the worst in decades, and they displaced over 200,000 people.

Nonetheless, climate change has also affected agricultural yields in Kenya, which had led to food insecurity.

The average temperature in Kenya has increased by 1 degree Celsius since 1961 and is expected to rise by 1.5 degrees Celsius by the end of the century, which could reduce crop yields by up to 30%.

For instance, if something is not done, maize – which is a staple food in Kenya – could see yields drop by 20% by 2050.

However, to combat these issues, Kenya has developed a National Climate Change Action Plan and established institutions such as the Climate Change Directorate to coordinate its climate efforts.

The country has committed to reducing its greenhouse gas emissions by 30% by 2030, and it is investing in renewable energy and energy efficiency, reducing deforestation, and promoting sustainable agriculture, building sea walls and other infrastructure to protect coastal communities, developing early warning systems for droughts and floods, and investing in climate adaptation measures for vulnerable communities.

Navigating The Climate Change Agenda: The Crucial Role Of Climate Financing
President William Ruto and UAE’s Minister of Industry and Advanced Technology and COP28 President Sultan bin Ahmed Al-Jaber.PHOTO/PCS.

What are the elements of climate change that must be addressed?

When discussing climate change, mitigation, adaptation, international agreements, renewable energy, reforestation and conservation, sustainable agriculture, public awareness and education, technology innovations, climate financing, policy and regulation are key.

In this article I want to address two issues – mitigation and adaptation, and climate financing.

Mitigation and adaptation focus is on reducing or eliminating the sources of greenhouse gas emissions. They are designed to help societies cope with the unavoidable impacts of climate change.

This includes transitioning to clean and renewable work by providing a financial incentive for individuals, businesses, and governments to invest in activities that either reduce or remove GHG emissions from the atmosphere.

The concept behind carbon credits is to create a market-based mechanism that encourages emissions reductions, ultimately helping to combat global warming and achieve climate goals.


Also Read: EXPLAINER: Everything You Need to Know About Carbon Credits


It’s important to note that while carbon credits can play a role in reducing emissions, they are not a substitute for direct emissions reduction efforts.

The primary focus should always be on reducing emissions at the source through energy efficiency, renewable energy adoption, and sustainable practices.

Carbon credits should be used as a complementary strategy to offset emissions that are difficult or costly to eliminate entirely.

Financial Support – Climate Financing

Translating climate ambitions into tangible results requires not only robust policies and commitments but also adequate financial resources.

This is the cornerstone of climate action. Providing financial support to developing countries to help them adapt to and mitigate the effects of climate change is a key element of climate action.

Developed nations often contribute to climate finance to assist less economically advanced countries in their climate efforts.

Besides, countries like Kenya rely on international climate financing mechanisms such as the Green Climate Fund (GCF) and the Climate Investment Funds (CIFs). These funds provide financial support for projects and initiatives aimed at climate mitigation and adaptation.

But they are not enough 

Africa attracted only 2% of global spending on renewables over the last decade, according to the ACS2023 summit that ended in Kenya.  To enact proper mitigation and adaptation measures, Africa would need a “tenfold increase in the finance capital flowing” into renewables in the next seven years, some $600 billion, to achieve the aim of boosting renewables from 56 gigawatts (GW) in 2022 to at least 300 GW by 2030.

The climate change agenda is a complex and multifaceted global challenge that requires cooperation at all levels of society, from individual actions to international agreements.

Its ultimate goal is to limit global warming to well below 2 degrees Celsius above pre-industrial levels, with efforts to limit it to 1.5 degrees Celsius, to prevent the worst impacts of climate change and create a more sustainable and resilient future for us all.

Nairobi Declaration On Climate Change And Call To Action
Africa Climate Summit ended in Kenya with the Nairobi Declaration. PHOTO/PCS.
Tags: Africa Climate Summit 2023Climate ChangeClimate financing

James Wanjagi

Dr. James Wanjagi is a technologist, academician, strategist, and financial enthusiast and a contributor for The Kenya Times. He has a vast background in banking, fintech, and all things strategy. He is also the CEO, Iricon Consulting Group. James writes on matters finance and strategy.

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