Blog Post

12 Mar
By: Ferdinand Musungu 0

CLIMATE CHANGE FINANCING FOR PRIVATE SECTOR

On 10th March 2020, Sustainable Inclusive Business held a meeting with the Regional Business Investment Officer, Mr. Tigere Muzenda and Business Development Advisor, Ms. Florence Kariuki from the Dutch Fund for Climate and Development (DFCD) Project implemented by SNV Netherlands Development Organisation as one of the consortium partners.

The DFCD is managed by a pioneering consortium of Climate Fund Managers (CFM), World Wide Fund for Nature Netherlands (WWF-NL) and SNV Netherlands Development Organization (SNV), led by the Dutch Entrepreneurial Development Bank, (FMO).

The project enables private sector investment in projects aimed at climate adaptation and mitigation in developing countries. The Dutch Ministry of Foreign Affairs has made available €160 million to increase the resilience of communities and ecosystems most vulnerable to climate change.

SNV, is part of the Originating facility together with WWF-NL. The Originating facility is positioned exclusively for project identification and (pre-) feasibility development activities with a cross-DFCD thematic subsector focus.

This window will seek to leverage the landscape strategy for activity sourcing and develop opportunities into viable business cases for the two investment windows (Land use facility and Water facility). The Originating facility will provide grant funding and TA for its activities.

The meeting was a conversation starter on how the private sector will be able to plug-in steered by the apex body for the private sector – KEPSA. Three sectors stand to benefit from the project including water, agriculture and energy.

KEPSA through its initiatives is keen to support climate-smart investment. It was noted that the private sector takes lead in creating change in any economy through investments.

KEPSA has been championing the adoption of sustainable business practices through partnerships, sharing of knowledge, offering business support and facilitation dialogue through its knowledge centre the Sustainable Inclusive Business and the Business Hub department.

KEPSA was represented by Mr. Llyord Mwaniki from KEPSA Business Hub department and Sustainable Inclusive Business Program Manager, Mr. Ebenezer Amadi.

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