"Irrigation Department to Seek Climate Financing Opportunities", PS Kimotho reveals.

Photo: PS Ephantus Kimotho after a meeting with Mike Hayes, Head of KPMG Climate Change and Decarbonization  

The government, through the State Department of Irrigation, has been actively investing in projects aimed at reducing carbon footprints and saving production costs. This initiative is part of the department's broader strategy to tap into climate financing opportunities. 

On Monday, Irrigation Principle Secretary Ephantus Kimotho announced the department's commitment to leveraging climate financing to support its projects.

During a meeting with Mike Hayes, Head of KPMG Climate Change and Decarbonization sector, PS Kimotho highlighted the department's focus on exploring innovative financing strategies. 

The meeting, which took place on a courtesy call, was a precursor of Hayes' attendance at the 2024 annual meeting of the Boards of Governors of the African Development Bank Group in Kenya. 

The discussion centered around various financing methods for irrigation projects, including sustainability-linked bonds, blended financing, and unlocking private capital for public goods.

The meeting also delved into the vast potential of climate and private financing, exploring strategies to effectively tap into global market opportunities. This collaboration aims to identify and capitalize on the most promising climate financing opportunities available to support the department's projects.

By exploring innovative financing strategies such as sustainability-linked bonds and blended financing, the department aims to reduce carbon footprints and save production costs. 

This initiative demonstrates the government's commitment to addressing climate change and promoting sustainable development in the country.

By Victor Oyuko. For Mpesa support 0708883777

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