Priority Actions related to Climate Finance
FINA-1
Establish the Kenya Climate Fund (KSh38-94million/Yr)
Estimated Cost Ksh for 5 years: 190-470 million
FINA-2
Create climate change code in the government budget system
Estimated Cost Ksh for 5 years: Negligible
FINA-3
Coordinate and harmonize Government of Kenya and development partner funding with priority interventions
Estimated Cost Ksh for 5 years : 60 millions
FINA-4
Open/Accelerate Negotiations with various countries to overcome the lack of carbon market access for Kenya.
Estimated Cost Ksh for 5 years : 4-6 millions
FINA-5
Enhance the capacity of the Designated National Authority
Estimated Cost Ksh for 5 years : 17-25 millions
fINA-6
Determine the appropriate institutional home for, and then establish, a unit that develops and promotes projects responsible for generating carbon credits (20 Million/Yr)
Estimated Cost Ksh for 5 years :100 Millions
FINA-7
Support actions to improve the regulatory and policy framework for low-carbon investment
Cost Estimate :40 Millions
FINA-8
Establish a regular platform for engagement and dialogue between the Government of Kenya and investors
Estimated Cost Ksh for 5 years :0.5 Millions
FINA-9
Support the creation of a one-stop shop to expedite the process of acquiring renewable energy permits and licenses (5 Million/Yr)
Estimated Cost Ksh for 5 years :25 millions
Estimated Time :5 years
Total Cost Estimate : 436-727 million