Why does Kenya need Climate Finance?

Kenya is a developing nation whose economy depends on climate sensitive natural resources, and due to her geographic positioning, all her sectors are vulnerable to climate change and its impacts. Although Kenya aspires to be a middle income country in 2030 (Kenya Vision 2030), climate change challenges increases the cost of development. Growth in all sectors have to take a low carbon, climate resilient development pathway. To achieve this, Kenyan actors need to access appropriate cutting edge technology, build capacity of its institutions and actors, as well as facilitate access to financing to enable various actors play their respective roles. These require additional funding over and above the normal (business as usual) development agenda.