12th July, 2016
CS, Prof. Judi Wakhungu delivering her official speech during the launch of the KCIC strategic plan at the Serena hotel, Nbi.
The government is committed to supporting the development, demonstration and deployment of clean technologies which will help transition the country to a low carbon economy in the course of the century.
Prof. Judi Wakhungu said this yesterday when she officially launched the Kenya Climate Innovation Centre Strategic Plan 2016 – 2020 and the Kenya Climate Venture Fund at a Nairobi hotel.
She noted that such initiatives will go a long way in helping the government meet its development agenda by contributing to low carbon and climate resilient development and attainment of Kenya’s Vision 2030, as well as the implementation of the Paris Agreement and the 2030 Agenda on Sustainable Development Goals.
Prof. Wakhungu observed that the Strategic Plan had mapped out intended action to drive further improvement within the clean technology sector over the next five years. This, she noted, was a demonstration that the Kenya Climate Innovation Centre is a lead actor in the inspiration, development and actualization of climate change solutions in the country.
The key objective of the Programme is to deliver on “Inclusive greener growth with higher employment in Kenya”, which is expected to be achieved by focusing on sustainable growth and jobs from investment and trade; and sustainable use of natural resources and community resilience.
Their vision is to be the one stop shop supporting innovative climate change solutions in Kenya.
The organization aspires to attain this status by providing transformational change, through oriented interventions to the private sector for the adoption of climate smart technologies and solutions.
A demonstration of a clean technology initiative that the government is committed to support
The initiative will benefit from financial and technical support from DANIDA to the tune of Kshs. 7 billion under the Denmark-Kenya Green Growth and Employment programme.
The clean-technology sector offers significant opportunities in Africa. The leading opportunities for Sub-Saharan African small and medium companies, according to World Bank are in wastewater (about $90 billion), small hydro (about $43 billion), and water (about $40 billion). Solar PV and geothermal are also large potential markets worth between $20 billion and $30 billion.
On the other hand, the Kenya Climate Ventures seeks to accelerate the development of clean-technology companies, by making patient capital commercial investments in small to medium early-stage enterprises focused on growing clean-technology sectors, including solar, biofuels, and water management.
This will assist to scale up their innovative business solutions as well as promote local job creation and economic development. Since inception 4 years ago, the Ventures has created more than 1000 jobs with 49% of the beneficiaries being women.
Present during the launch was Mette Knudsen, the Danish Ambassador to Kenya, Pete Vowles, head of DFID in Kenya, Dr. Gandham N.V. Ramana, from the World Bank, Dr. Alice Kaudia, Environment Secretary, Edward Mungai, CEO, Kenya Climate Innovation Centre among other industry players.
Prof. Judi Wakhungu joins officials from the Dutch embassy and the Kenya Climate Innovation Center in cutting a cake to commemorate the launch of the strategic plan