Nairobi – Kenya has received a Sh16 billion funding agreement from the World Bank aimed at strengthening the country’s local resilience to the effects of climate change.
This will be done through the funding of the locally run climate protection program (ELLoCA), which is part of Kenya’s 10-year government-funded locally-run climate protection program launched in June 2020.
“Climate change remains the greatest challenge of our time as Kenya’s climate-sensitive economy is prone to droughts and floods, with an economic burden of up to 2.8 percent of GDP annually. We urgently need climate resilience in sectors such as agriculture, water, energy tourism and wildlife, which are affected not only by climate change but also by the adverse effects of the COVID-19 pandemic, “said Finance Minister Ukur Yattani.
He noted that the program will support the expansion of community-led climate resilience efforts while developing the skills of national and district institutions to plan, budget, report, fund and implement green initiatives at the local level.
“As a nation, we understand the challenges ahead, but remain confident that with the support of the World Bank and other development partners, coupled with Kenyan innovation and resilience, we will build our national and district capacities to manage and improve climate risks our resilience with self-developed solutions in a collaborative and progressive approach between the two levels of government and owned by the local communities, “he said.
The ELLoCA program aims to create both an enabling environment and an innovative decentralized approach to tackling the effects of climate change.
The introduction of the five-year program is led by the National Planning, as the focus is on climate finance with the introduction of innovative participation, climate information, demand-oriented capacity building and the monitoring and evaluation of climate change measures.
President Uhuru Kenyatta made a virtual speech on Tuesday during Africa Adaptation Acceleration Day, highlighting the need for increased funding for climate change to mitigate the negative effects.
He warned that without urgent measures to adapt to climate change, Africa’s gross domestic product (GDP) could shrink by up to 30 percent by 2050.
“There is evidence that climate change will have devastating socio-economic effects across the world and in Afra quite severely. If we do nothing, Africa could, as a consequence, shrink its gross domestic product (GDP) by up to 30 percent “by 2050 due to climate change,” said the president.
As a result, the president called the world community together to support the accelerated roll-out of adaptation programs in Africa to mitigate the growing negative effects of climate change and strengthen the continent’s resilience.
“Even if it is relatively more difficult to design and implement adaptation projects and there are currently fewer resources available for adaptation, we should not lose sight of the fact that adaptation is without a doubt a smart economy,” he said.
The Head of State’s message was included in a recorded video address delivered Tuesday at a hybrid conference hosted by the University of Nairobi in partnership with the Global Center on Adaptation (GCA) to celebrate Africa Adaptation Acceleration Day, a precursor to the United Nations Conference on Climate Change (COP26 ), which will be held in Glasgow, Scotland.
President Kenyatta noted that although Kenya has significantly increased the financial resources invested in adjustment programs in recent years, Kenya needed more international support to fully implement its updated Nationally Determined Contributions (NDCs).
“In order to implement our NDCs, we plan to invest around 8 billion US dollars over the next 10 years. This is only 10 percent of the total investment by the NDCs and we therefore need the support of our international partners, ”said the President.
Noting that Kenya’s funding challenge is not its own, he said global climate adaptation funding, which averaged around $ 30 billion a year in 2017, needed to be increased tenfold to meet the growing needs of vulnerable communities around the world cover.
“There is evidence that investing $ 800 million in climate change adaptation programs in developing countries would bring benefits of up to $ 16 billion a year,” the president said.
He said Covid-19 has tightened funding as countries around the world collectively allocated over $ 20 trillion to the pandemic, greatly reducing the resources available to combat climate change.
“However, climate change cannot wait until we tackle COVID19. We must tackle the two challenges together. To make the recovery truly sustainable, we need to put in place green recovery measures that incorporate adaptation and containment measures, ”said the president.
This year’s report on the state and trends of adaptation in Africa was presented by GCA at the hybrid conference. Among other things, the report lists adaptation measures and investment opportunities on the continent.