Perceived Determinants Of Climate Financing In Kenya

KCA University

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Abstract: Climate change is causing increasing worry worldwide, regionally, especially in Kenya. The government's budgetary allotment has consistently been insufficient, forcing the use of alternative funding sources. Dealing with climate change by developing countries is difficulty due to low-income levels far below those of developed countries; this has posed a challenge in financing climate change initiatives in this region. Climate financing initiatives and global participation is key to provide funding to address climate change hazards globally. The major goal of this research was to examine the factors that influence climate finance in Kenya. The study was guided by three particular objectives, which was as follows; explore how media influences climate financing in Kenya, determine the influence of capital strength on climate financing decisions in Kenya, examine the influence of politics on climate financing decisions in Kenya. The theories on which the study was based on include Agenda setting theory, signaling theory and capital structure and stakeholders’ theory.