Post Covid-19 Pandemic Economy: Climate Adaptation Financing in Kenya
SEAHI Publications
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Abstract: Prior to Covid-19 pandemic, the climate change adaptation concerns in Kenya were being raised that funding was inadequate to meet the objectives and goals of the Paris Agreement and Sendai Framework. To leverage climate adaptation finance, especially during the Covid-19 response, is likely exacerbate the problem of climate adaptation financing in the country. Kenya’s economy is highly dependent on its natural resource base. This makes the economy highly vulnerable to climate change and threatens the Vision 2030 goal to create a globally competitive and prosperous nation with a high quality of life. The areas of concern is how to develop covid-19 recovery plans which will integrate climate adaptation and development plans on strengthening the existing financing efforts; development and implementation of devolved climate finance mechanism; ensure that the financiers get back on track in leveraging finance towards climate change adaptation and consideration of the private sector interests in their involvement in the climate finance. This paper focuses on the overview of the climate adaptation financing, the main financiers and challenges of climate adaptation financing in a post covid-19 pandemic era in Kenya.