Kenya may get Kshs 1.5 to implement Paris Agreement

Kenya may be destined to get at least Kshs 1.5 Billion from the European Union for the implementation of the requirements of Paris Agreement 2015.

The European body sanctioned a disbursement of USD 1.2 Billion to the 79 countries from the African, Pacific, and Caribbean blocs, which Kenya is part of as a signatory of the agreement, a statement from the United Nations Framework Conventions on Climate Change reveals.

If the money were to be shared equally among the countries drawn from the three regions, Kenya would get a boost of over Kshs 1 Billion to inject in the energy sector and steer environmental conservation projects.
The funding which will be done up to the year 2020 is meant to help the countries run projects that will enable their economies to shift from depending on fossil fuels to adopting other renewable and environmentally friendly energy sources.

A section of Article 4 of the Paris Agreement reads in part: "Parties shall pursue domestic mitigation measures, with the aim of achieving the objectives of such contributions." Another recommendation under the agreement is to keep the global temperature rises to under 2 degrees celsius.

Beside this is a financial commitment that the developed countries have to provide for the developing counterparts. Such is one of the conditions that signatories like Kenya agreed to when they submitted their nationally determined contributions, NDC.

The NDC spell out a countries' domestic policies intended to be used to meet the mainstream requirements in the Paris Agreement. Since its inception in 2015, the agreement has been signed by 175 countries, where 146 have accepted the conditions and have had their applications approved.

Kenya joined the agreement on April 22, 2016, and had her application approved by on January 27, last year. The funding comes after a dispute was reported in April 2017 between the developing countries and the developed ones over uncertainties on the sources of funding. ?