Kenya is set to benefit from a fund initiative to reduce carbon emissions under the Green Investment Fund.
Peter Odhengo, climate finance expert at the national treasury said the fund has been developed and set up to support countries which are highly affected by the impact of climate change.
Odhengo said most of these countries where Kenya falls have recorded declining food security, water security and emergency of new diseases as a result of climate change in the recent past.
Speaking to Journalists in Kisumu on Saturday after addressing 36 women groups who received Sh5 million from Women Enterprise Fund (WEF), Odhengo said international countries came up with the fund to support these countries to enable them deal with climate change.
He said the fund will be given out to organisations to financially support green capital investments after their proposals pass through the National Implementing Entities.
Odhengo said most of the investment ideas that will be considered border on green energy.
He said the country is in the process of establishing the entities that will be entitled to receive proposals and award funds for the investments.
“The government is in the process of putting in place the entities who will be managing the fund, but already NEMA and Commercial Bank have been qualified as the entities and the process is still going on,” he said.
Odhengo told the women to embark on planting trees and urged them to remain committed and form formidable groups that can benefit from such funds aimed at addressing climate change.