Abstract:
Kenya is accelerating its green transition through a landmark partnership between EcoSecurities and the Kenya Private Sector Alliance (KEPSA). This collaboration aims to leverage carbon finance, empowering businesses across key sectors to decarbonize and contribute to Kenya’s ambitious target of reducing emissions by 32% by 2030. As carbon markets expand globally, Kenya positions itself as a key player in climate-smart economic development.
Key Highlights:
- The partnership: EcoSecurities and KEPSA join forces to mobilize carbon finance, targeting industries like energy, transport, waste, and agriculture.
- Climate targets: Kenya aims to slash carbon emissions by 32% by 2030, supported by new climate policies and regulations introduced in 2023.
- Carbon markets: Voluntary carbon trading under Article 6 of the Paris Agreement opens financial opportunities for Kenyan businesses.
- EcoSecurities’ role: A global climate solutions leader, EcoSecurities provides expertise in integrating nature, tech, and finance to achieve decarbonization.
- KEPSA’s influence: As the voice of Kenya’s private sector, KEPSA drives sustainable business practices and carbon finance adoption.
- Opportunities and challenges: High-quality carbon credits, capacity-building, and leveraging Kenya’s natural resources are key to scaling impact.
With this partnership, Kenya is not only tackling climate change but also fostering sustainable economic growth in a rapidly evolving green economy.