Listen "Dr. Staline Kibet: Legislations & Green Financing (Part 4)"
Episode Synopsis
Funding the Future: Unlocking Green Finance and Best Practices for Climate Resilience in KenyaIn this episode, Dr. Kibet examines the crucial role of legislation and financing in strengthening climate resilience. He shares with us that while many counties have climate policies, their impact is limited by a lack of financial backing from both county and national governments, hindering investments in areas like carbon financing.He emphasizes that green financing can offer a solution through government tax incentives for private sector investments in climate-friendly technologies like solar panels.Dr. Kibet also highlights underutilized resources like NEMA's green financing opportunities and hints at opportunities for farmers to access biogas systems, reducing emissions and potentially generating carbon credits through investor partnerships.He also underscores the the need for upstream communities to adopt more sustainable practices, such as reducing eucalyptus planting and transitioning to precision agriculture, supported by incentives like community amenities and Payment for Ecosystem Services.He recognizes that strengthening local organizations like Forest and Water Users Associations is also vital for effective natural resource management and building overall climate resilience across the region.
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