Kenya has to strive greatly in mobilizing resources to mitigate against the impacts of climate change in the country.
National Treasury Cabinet Secretary Mr. Henry Rotich said such impacts of climate change include droughts and floods which have destroyed human life, property, infrastructure and enhanced spread of diseases.
“Kenya has embarked on preparing a comprehensive and effective policy framework to facilitate the deployment and flow of climate finance in a transparent manner in a bid to overcome the challenge of mobilizing resources to mitigate impacts of climate change,” said Mr. Rotich.

While speaking recently at Kenyatta International Convention Centre, Nairobi during a validation workshop on the Draft Climate Finance Policy and Climate Change Budget Codes, he expressed optimism that a new global agreement will be reached during the 21st United Nations Climate Change conference in Paris, France, in December 2015.
On the negotiations on key questions of climate change, Mr. Rotich said Kenya has been on the forefront, adding that it has put in place policy frameworks, legislative instruments, and strategies aimed at redefining the country’s development agenda patterned on “Low-Carbon-Green Economy Development Path” endorsed during Rio+20 in 2012 in Brazil.
This green path seeks to ensure economic growth in the context of sustainable development and poverty eradication as enshrined in the newly agreed Sustainable Development Goals (SDGS) and long-term climate change legal framework to be agreed in Paris at the end of the year.
He said the draft climate change Finance Policy establishes the legal, institutional, tracking and reporting frameworks to access and manage climate finance in the country, and seeks to promote further national development agenda through enhanced mobilization of climate finance that contributes to low carbon climate and resilient development pathway.
“The National Treasury is working with Ministries of Environment and Natural Resources, Energy and Petroleum, Water and Irrigation, Industrialization and Enterprise Development, Devolution and Planning, Geothermal Development Corporation, National Drought Management Authority, Kenya Commercial Bank, Acumen Fund and KfW-Bank to prepare financing proposals to Global Climate Fund (GCF),” he said.
He commended the United Nations Development Programme (UNDP), Department for International Development (DFID-UK), United States Agency for International Development (USAID), United Nations Environment Programme (UNEP), Climate and Development Knowledge Network (CDKN) and World Resources Institute (WRI) for their support to Kenya during her international negotiations related to climate change and the GCF.
Present during the function were among others, Environment and Natural Resources Cabinet Secretary Prof. Judy W. Wakhungu, Mr. Adan Mohammed of Industrialization and Enterprise Development, Ambassador Robert Godec of the United States of America, Mr. Tony Gardener, Deputy Head Office DFID and Ms. Maria Threase – Keting, UNDP Resident Representative.
In a bid to access funds from the GCF, the National Treasury, Environment and Natural Resources, Devolution and Planning Ministries, Mr. Rotich said, have spearheaded the implementation of Climate Public Budget Expenditure and Budget Review (CPBER) to mainstream climate change budget coding within the Integrated Financial Management Information System (IFMIS).
The three ministries, he added, have reviewed Kenya’s planning, budgeting and fiscal statements, as well as a budgetary and expenditure analysis.
“The Government is now developing guidelines on mainstreaming climate financing in National Planning and Budgeting processes. In addition, the project has developed procedures and codes for budgetary allocations and tested the procedures in selected ministries and counties which consequently contributed immensely to the development of the Intended Nationally Determined Contribution (INDC),” said Mr. Rotich.
He commended the line ministries from the national government and the counties, the private sector and the civil society organization for providing valuable comments which have enriched the draft policy and also providing actionable road map for finalizing the process to ensure flow of climate financing into the country.
The objectives of the broad policy draft climate finance policy are to enhance the implementation of public finance management in relation to climate financing; establish mechanisms to mobilize internal and external climate finance; track, monitor, evaluate and report on sources, applications and impacts of climate finance; enhance the capacity of the country and mobilization of climate change finance to support sustainable development; and to encourage private sector participation in climate relevant investment opportunities.
The draft policy is also geared towards facilitating tapping of financial resources from public, private and development partners apart from financing the transition to a low-carbon, resilient economy.
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