During the ongoing United Nations Convention on Biological Diversity (COP16), the Principal Secretary of the State Department for Environment and Climate Change, Festus Ng\u2019eno, emphasized the importance of building a robust economic case for restoration efforts.<\/p>\n
\u201cTo accelerate restoration efforts, we must demonstrate the economic benefits of restoration to attract private investment and diversify funding sources,\u201d he stated.<\/p>\n
He further highlighted the necessity of exploring a range of financing mechanisms to ensure long-term sustainability in restoration initiatives.<\/p>\n
The Principal Secretary stressed that strengthening international cooperation and fostering partnerships are crucial steps in unlocking the potential of restoration efforts.<\/p>\n
\u201cBy implementing innovative financing mechanisms, we can create a more sustainable future for our planet,\u201d he remarked.<\/p>\n
To facilitate investments in restoration, Kenya has developed a comprehensive policy framework, which includes the National Strategy for Landscape and Ecosystem Restoration, Kenya\u2019s Nationally Determined Contributions (NDCs), and the National REDD+ Strategy.<\/p>\n
Additionally, he pointed to the establishment of Carbon Market Regulations, Kenya Green Bond Guidelines, and the Draft Green Fiscal Incentives Policy Framework as essential components of this strategic approach.<\/p>\n
The Principal Secretary expressed his gratitude for the opportunity to share insights as a panellist during a World Bank-side event focused on scaling finance to deliver the global restoration agenda.<\/p>\n
\u201cIt was an honour to participate and discuss ways to enhance financial mechanisms that support restoration at such a significant gathering,\u201d he concluded.<\/p>\n
Through these initiatives and collaborative efforts, Kenya aims to position itself as a leader in restoration finance, demonstrating the vital connection between economic growth and environmental sustainability.<\/p>\n
The post Kenya advocates financing strategies for ecosystem restoration at COP16<\/a> first appeared on KBC<\/a>.<\/p>\n The post Kenya advocates financing strategies for ecosystem restoration at COP16<\/a> appeared first on KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" During the ongoing United Nations Convention on Biological Diversity (COP16), the Principal Secretary of the State Department for Environment and Climate Change, Festus Ng\u2019eno, emphasized the importance of building a robust economic case for restoration efforts. \u201cTo accelerate restoration efforts, we must demonstrate the economic benefits of restoration to attract private investment and diversify funding […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-100851","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/100851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=100851"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/100851\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=100851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=100851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=100851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}