Tracking and Reporting of Climate Finance in Kenya
The National Treasury And Economic Planning
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Abstract: Kenya?s economy is highly dependent on climate-sensitive sectors such as agriculture,water,energy,tourism and wildlife base - more than 50% of the country?s GDP ? The GDP growth in 2017 was negatively impacted by droughts and floods ? Economic cost of climate change is 2 ? 2.4 % of GDP each year ? Floods ? 5.5 % of GDP every 7 years,? Droughts ? 8 % of GDP every 5 years. ? This threatens the long term vision of being ?a newly-industrializing,middle-income country providing a high quality of life to all its citizens in a clean and secure environment by 2030? ? The Government of Kenya estimates that USD 62 billion is required to implement Kenya?s NDC (mitigation and adaptation actions) in 2020-2030. The resource requirement for adaptation actions alone is up to 2030 is USD 43.9 billion.