Why eco-funding is banks’ best bet

Green financing offers financiers a good chance to make an impact in the world. PHOTO | FILE | NMG

Last week the Green Climate Fund (GCF) approved a climate adaptation project on enhancing community resilience and water security in the upper Athi River Catchment Area, Kenya, worth $10 million. The project is under National Environmental Management Authority (Nema) which is a GCF accredited entity in the public sector in Kenya.

The upper Athi project is the second in Kenya that GCF is funding after $35 million on ecosystem-based adaptation in arid and semi-arid rangelands which is supported by the International Union for Conservation of Nature (IUCN)

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