The United Kingdom is set to sponsor 50 green investment projects in Kenya worth £6.6 million as part of its efforts to battle climate change.
According to reports, a total of 10 counties, including Embu, Kirinyaga, Kisumu, Laikipia, Nairobi, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir, have been selected to develop these projects. The fund is set to be distributed among 10 counties to create the 50 projects and bring them to reality.
The investment by the UK Government is also intended to create jobs in the East African country and preserve the country’s rich Bio diversity and distinctive landscape.
Leigh Stubblefield, who is the Development Director at the British High Commission in Nairobi explained that notably countries with the least carbon footprints often experience the catastrophic effect of climate change the most. He cited the ongoing disastrous floods in Kenya as an example of his theory.
“As flooding causes disruption across Kenya, we can see clearly how the countries that are least responsible for climate change are the worst affected. We admire Kenya’s impressive climate credentials and are proud of our climate partnerships,” he stated.
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The County Green Finance Assessment which was recently disrupts launched in Nairobi is tasked with directing how the funds will be allocated to the ten counties selected.
“This report and funding are long-term commitments to find quality, long-term solutions. I encourage countries to use the report to continue along the path of green growth, so together we can protect our people, planet, and prosperity. We go far when we go together,” the director added.
The report for the funding was done by the Financial Sector Deepening Kenya (FSD Kenya) an independent trust backed by the UK government to provide financial solutions to Kenya’s real-world challenges.
Story was adapted from Nairametrics.
