from MARIA MACHARIA in Nairobi, Kenya
NAIROBI, (CAJ News) – THE Kenya Private Sector Alliance (KEPSA) has reaffirmed its commitment to increasing business investments for climate resilience and green growth in Africa.
This pledge comes ahead of the 28th Conference of the Parties (COP 28), which will convene from November 30 to December 12 in the United Arab Emirates (UAE).
Carole Kariuki, Chief Executive Officer of KEPSA, said the adoption of most of the Private Sector Recommendations in the Africa Climate Summit (ACS) – Nairobi Declaration, reinforced the sector’s dedication to driving transformative climate action.
She spoke at the just-concluded High-Level Private Sector Post ACS-, Pre- COP 28 Forum in Nairobi.
“Tapping into the vitality of Africa, we must strategically tap into the opportunities presented by Africa’s rich resource to invest in a green manner,” Kariuki said.
“Strategic planning and regional collaboration are required to scale up investments, promote innovation and establish vibrant sustainable markets that support our planet is a crucial task for the private sector in Kenya and Africa.”
KEPSA, in collaboration with the Ministry of Foreign and Diaspora Affairs, United Nations Environment Program) (UNEP, and the German Development Cooperation (GIZ), organised the summit in Nairobi.
Speaking at the forum, Principal Secretary of the Ministry of Foreign and Diaspora Affairs, Dr Korir Singoei, lauded Kenyan businesses for recognising the importance of building climate resilience, implementing measures to adapt to changing weather patterns and incorporating climate risk assessments into their strategies.
“As we chart the path for the country’s sustainable economic future, no country should ever have to choose between development aspirations and climate action and neither should any private sector have to choose between business and climate action,” Singoei said.
– CAJ News