US pledges Ksh452 billion to Kenya and other developing nations for climate funding
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US unveils Ksh452 billion fund to developing nations at Africa Climate Summit event in Kenya
US unveils Ksh452 billion fund to developing nations at Africa Climate Summit event in Kenya.
The Special Presidential Envoy of the United States for Climate John Kerry, on Tuesday announced funds for climate-related initiatives in developing nations totaling Ksh452 billion.
Kerry spoke at the inaugural Africa Climate Summit hosted by President William Ruto at the Kenyatta International Convention Centre (KICC).
He emphasized that US President Joe Biden was dedicated to addressing how climate change was hurting the majority of African nations.
The US climate envoy admitted that wealthy countries were to blame for the effects of climate change, which is why developing countries like Kenya must be protected.
As part of the programme, Kerry revealed that the US government would avail Ksh437 billion (USD 3 billion) annually to help developing countries address the effects of climate change.
“The President has now launched the President Emergency Programme for Adaptation, and we are prepared to help at least 500 million people in developing countries, especially in Africa, to be able to adapt to the worst impacts of these countries.
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On the other hand, he indicated that the Biden administration would also avail Ksh4.3 billion (USD20 million) for food security programmes.
The money also targets businesses that are addressing climate change challenges in the continent through agricultural programmes.
“Another second 10 million dollars (Ksh14 billion) will go to the climate resilient adaptation finance and technology transfer facility to scale technology so that we can advance technology such as cold chain storage which will maintain the quality and safety of food from farms to homes,” he stated.
The diplomat praised Ruto for his bold initiative in championing countermeasures to address climate change and hosting the international event which aims to propose solutions to climate change.
“As I listened something was happening. This is different. Your leadership is palpable. What you said today sets a clear path for all of us,” he stated.
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