Kenya Sovereign Green Bond Framework
The National Treasury And Economic Planning
Download
Abstract: Kenyaâ??s long and medium-term policies underpin a pathway to sustainable and resilient economic growth characterized by a clean and healthy environment. In particular,Kenya Vision 2030 which aims to transform Kenya into a globally competitive,middle-income country through substantially higher growth rates and more balanced development. Under the Social Pillar (environmental management),Kenya aims to be a nation that has a clean,secure and sustainable environment by 2030. The country plans to achieve this by intensifying conservation of strategic natural resources; applying measures to guard against the adverse effects of increased pollution and waste; insulating development from natural hazards; and building institutional capacity in environmental planning and governance. In addition,Kenya has developed a number of policy and legislative frameworks to re-enforce the vision in order to fast track the achievements of the vision. These include: National Climate Change Response Strategy (2009),National Climate Change Action Plan-NCCAP (2013-18 & 2018-22),Mainstreaming of climate change into Medium Term Program III (202-22),Green Economy and Implementation Plan (2016-30),Intended National Determined ContributionsINDC (2015),Climate Change Act,2016,National Adaptation Plan (2015),Climate Change Framework Policy (2016),the National Policy on Climate Finance (2018),Debt Policy Management Policy (2019) among others.