Client: Foreign, Commonwealth & Development Office
Duration: 2013-2018
Region: Sub-Saharan Africa
Country: Kenya
Solutions: Environment Climate
Much of Kenya’s economy is based around sectors that are highly climate vulnerable, particularly tourism, arable agriculture, horticulture, floriculture, and livestock. Minor industries that employ significant numbers, such as forestry and coastal and freshwater fisheries, are also sensitive to climate change. Kenya’s energy sector is highly dependent on hydropower, and therefore it—along with the industry and manufacturing that it powers—is also climate vulnerable.
StARCK+ was designed to achieve transformational change by helping Kenya to scale up private sector innovation and investment in low carbon and adaptation products, services, and assets such as clean energy, sustainable agriculture, water management, and weather forecasting. We targeted support to critical aspects of climate change governance and the stimulation of civil society demand.
StARCK+ followed the original StARCK programme (2011–2013), which supported a range of activities to assist in Kenya’s approach to climate change. It consisted of five components—the fifth component, for which DAI and partners were responsible, was the Finance for Innovation and Climate Change Fund (FICCF).
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The Transforming Financial Systems for Climate (TFSC) program is part of a global €653 million effort of the Agence Française de Développement Group and the Green Climate Fund to develop a market for climate finance in 17 countries across Africa and Latin America. The TFSC is supporting the National Bank of Egypt in developing its Climate Change Strategy and Environmental and Social Risk Management System.
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