Nairobi, Aug. 17 -- Kenya stands at a defining economic moment. The journey to first-world status is on, one question that has become increasingly urgent is how do we finance sustainable economic transformation.

While Kenya has made significant progress in strengthening its economy, the country still faces a massive climate financing gap estimated at $3-5 billion per year.

At the same time, we remain highly vulnerable to the effects of climate change due to the climate-sensitive nature of key sectors, with the Central Bank of Kenya's (CBK) Kenya Green Finance Taxonomy of April 2025 estimating that the country could lose up to seven percent of its Gross Domestic Product by 2050 if decisive action is not taken to adapt to climate change a...