Kenyan Firms to Access Carbon Financing through KEPSA and EcoSecurities Partnership

Kenyan businesses in high carbon-emitting industries such as transportation, waste management, energy production, and agriculture are set to gain easier access to carbon financing, thanks to a new partnership between KEPSA (Kenya Private Sector Alliance) and EcoSecurities. This strategic collaboration is designed to facilitate access to carbon finance for sustainable development, aiming to bolster decarbonization efforts across the country.

The partnership will provide firms with the opportunity to engage in the growing Article 6 carbon markets and voluntary carbon markets, a critical step in helping Kenya achieve its goal of reducing carbon emissions by 32% by 2030. Ehud Gachugu, KEPSA’s Global Director, highlighted that carbon finance can play a pivotal role in advancing clean energy solutions and climate-smart agricultural practices.

This initiative is in line with the Kenya Climate Change Act Amendment (2023) and the upcoming Carbon Markets Regulations (2024), both of which seek to promote sectors that drive economic and social development. According to Pablo Fernandez, CEO of EcoSecurities, the partnership will leverage the potential of carbon markets to generate sustainable economic benefits for both people and the planet.