Experts root for friendly terms to boost investment in green bond market

Experts are calling for among others competitive pricing, inclusivity, and simplified policies and structures to spur investment in the local green bond market

This comes in the wake of growing demand for climate-smart investments globally.

There exists green investment opportunities worth over Ksh 88 billion in manufacturing, agriculture, and transport.

Globally, there has been a concerted effort to embrace policies that support climate sensitive investments buoyed by the Paris agreement that has galvanized support for measures keen on mitigating effects of climate change.

Lack of simplified policies, inclusivity, and competitive pricing, as well as limited data on investment prospects, are among barriers hampering investments in green projects.

Experts are calling for an all-inclusive approach as well as more sensitization ahead of the planned issuance of the first green bond in the next financial year.

A report by Strategic Business Advisors has identified manufacturing, agriculture, and transport as key focus areas for green financing opportunities.

Climate-smart investments under manufacturing have an estimated total financing opportunity value of 107 million dollars with a conversion of large quantities of waste into biomass and solid waste management systems showing most promise at 60 million dollars within a scope of ten years.

Going forward stakeholders are optimistic that issuance of green bonds will provide the impetus to raising funds for environmental protection in energy, agriculture, waste management, water transport, and urban planning as well plug the budget deficit.


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