NAIROBI (Xinhua) --
The investment portfolio required to
accelerate Kenya’s attainment of its ambitious green
agenda is likely to hit 90.58 billion Kenyan shillings
(about 900 million U.S. dollars) in the next decade, a
study released on Tuesday showed.
Demand Study on Green Finance commissioned by Kenya
Green Bond Program in partnership with World Wildlife
Fund (WWF) and Kenya Bankers Association, Kenya can tap
into international and domestic capital markets to
finance green projects and assets.
“We need to
harness private financial flows and drive green growth
in the country. Green investments have enormous returns
on the economy and the environment,” said Jackson
Kiplagat, acting conservation director at WWF-Kenya.
assessment on green investments opportunities in Kenya
focused on three key sectors including agriculture,
manufacturing and transport.
identified barriers to green financing in the country
and proposed interventions that can be rolled out to
help companies invest in bankable projects that can
hasten low carbon development.