KENYA'S BET ON CLIMATE FINANCE
How one African nation is building the architecture to unlock billions in green investment and why getting it right matters for the whole continent. By Brian Onali Nduw The math is stark. Keeping global warming within manageable limits requires somewhere in the range of USD 900 billion in clean energy investment every single year through 2030. Developing nations alone need between USD 70 and USD 100 billion annually just to adapt to climate impacts they are already living with, rising seas, erratic rainfall, prolonged droughts, before even touching the question of reducing their own emissions. The money, at least in theory, exists. Global climate finance flows have grown substantially over the past decade. The problem is where it ends up. Sub-Saharan Africa, home to some of the world’s most climate-vulnerable populations, captures only around 3% of total global climate investment. Meanwhile, East Asia and the Pacific attract roughly a third of all flows, and Western Europe take...