Financing Logically-Led Climate Action (FLLoCA) Program

The National Treasury And Economic Planning

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Abstract: Kenya is a party to the United Nations Framework Convention on Climate Change (UNFCCC),its Kyoto Protocol,and the Paris Agreement. Over the last decade,considerable efforts have been made in Kenya to mainstream climate change considerations into the country?s plans,policies,strategies,projects and programmes. The National Policy on Climate Finance and the Climate Change Act,2016 provides for mechanisms enable mobilizing,tracking and reporting on climate finance. The growing demand for transparency over climate change public spending is triggered by Article 13 of the Paris Agreement that requires developing country Parties to provide information on financial,technology transfer and capacity-building support needed and received. Tracking and reporting of climate finance flows has become a central concern for development and economic policy. Tracking helps to provide comprehensive data on climate change-relevant budgeting and spending,enabling the government to make informed climate policy decisions. Alongside other climate data,such as greenhouse gas (GHG) inventories and vulnerability studies,climate finance data will serve as a cornerstone of data-driven decisions on climate investments in the country. The National Treasury has made some progress towards enhancing tracking and reporting of climate finance in Kenya. This include the development of Climate Change Budget Codes (CCBC),Climate Public Expenditure and Budget Review (CPEBR),and first ?Kenya Climate Finance Landscape Report of 2021?.