A global climate solutions company and the Kenya Private Sector Association (KEPSA) have signed a partnership agreement to increase the accessibility and mobilisation of catalytic carbon and climate finance. Climate financing: 6 key challenges facing AfricaAccessing carbon, climate financeKenya’s government has committed to a 32% reduction in carbon emissions by 2030, demonstrated by the introduction of the Kenya Climate Change Act Amendment in September 2023 and Climate Change Carbon Markets Regulations in 2024. Developing an effective carbon finance strategy to support the large-scale mobilisation of this alternative finance source for KEPSA’s members. Carbon finance as a catalyst for NDCsFernandez said from a macro perspective, the potential for carbon finance to enable African countries to deliver on its Nationally Determined Contributions (NDCs) is huge. “Carbon finance presents a more cost effective, more accessible alternative.

Source: The North Africa Journal October 14, 2024 10:23 UTC