Posted 12/3/2023, 3:11:19 AM
Kenya Secures Billions for Green Projects, But Massive Climate Funding Gap Remains
- Kenya secured $4.48 billion in deals for green projects during the Africa Climate Summit.
- The Africa Green Industrialisation Initiative with UAE will help scale up green industrial clusters.
- African leaders said the initiative marks a green pathway for development and job creation.
- Experts warn against getting distracted by COP28 announcement and trade deals.
- Kenya needs over $61 billion to adapt to climate change but can only raise 13% domestically.