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National Policy on Climate Finance.

Country/Territory
Kenya
Document type
Date
2016
Source
FAO, FAOLEX
Subject
Environment gen., Food & nutrition, Forestry, Water
Keyword
Climate change Ozone layer Disasters Clean development mechanism Food security Early warning system/emergency intervention system Forest management/forest conservation Afforestation/reforestation Water supply Sewerage
Geographical area
Africa, AFRICA FAO, Eastern Africa
Abstract

This National Policy on Climate Finance seeks to position Kenya to better access climate finance through a variety of mechanisms. Climate finance can help advance the Kenya Vision 2030 agenda by increasing the country’s adaptive capacity and resilience to climate change while promoting low carbon sustainable development. In particular, the policy sets out how the National Treasury, other government departments and agencies, and county governments will deliver on the climate finance aspects of the Climate Change Act, 2016, and Kenya’s obligations under the Paris Agreement including its Nationally Determined Contribution (NDC). The goal of the Policy is to further Kenya’s national development goals through enhanced mobilization of climate finance that contributes to low carbon climate resilient development goals. The objectives of the policy are to: 1) enhance the implementation of public finance management in relation to climate financing; 2) establish mechanisms to mobilize internal and external climate finance; 3) track, monitor, evaluate and report on sources, applications and impacts of climate finance; 4) enhance the capacity of the country to mobilize climate change finance to support sustainable development; and 5) encourage private sector participation in climate relevant financing opportunities.

Full text
English
Website
www.environment.go.ke