By Matilda Atieno
The County Directorate of Climate Change in partnership with the ADA Consortium, FSD Kenya, Capital Markets Authority, Agusto & Co and Nairobi Securities Exchange convened a workshop that brought together public institutions and private CSOs in climate change and environmental sectors to deliberate on the overview of green bond assets and projects assessments.
The initiative was to enable Kisumu County to use climate information and access to climate financing in supporting the residents in prioritizing climate actions, adaptation and mitigation projects that are exclusively for green projects.
The group also visited project sites that are likely to be financed with proceeds from the green bond and to evaluate their legibility for the green bond. The projects included the Sangoro water plant project in Nyakach , Ahero biodigester project, Ahero rice mill, Kasese waste to wealth facility, Vicinaqua fish project, Kiwasco and Kaloka beach.
The partners also paid a courtesy call to the office of the Deputy Governor, Dr. Mathew Owili to brief and offer guidelines on green bonds as an important tool to address the impact of climate change and related challenges in Kisumu. It is a market for private sector capital seeking investment opportunities with the aim of supporting climate resilience and adaptation,
Currently Kisumu is on the frontline in addressing climate change actions through adaptation and mitigation efforts that are underway. Efforts have been put in place by the county include the climate change Act and Kisumu County climate change Action plan that are set to guide the county to promote climate resilience and adaptation.