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The trust fund committee of the Climate Investment Funds (CIF) has endorsed a $70 million (Sh11.2 billion) concessional funding to advance the integration and utilisation of renewable energy in Kenya. The country plans to transition to 100 per cent clean energy by 2030.
This approval, with an initial allocation of $46.39 million (Sh7.4 billion), is part of CIF's Renewable Energy Integration (REI) investment programme and will help Kenya's ambition to reduce greenhouse gas emissions by 32 per cent by 2030 and achieve Net Zero by 2050.
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