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{
"id": 1480130,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1480130/?format=api",
"text_counter": 303,
"type": "speech",
"speaker_name": "Hon. Aden Duale",
"speaker_title": "The Cabinet Secretary for Environment, Climate Change and Forestry",
"speaker": {
"id": 15,
"legal_name": "Aden Bare Duale",
"slug": "aden-duale"
},
"content": "million, the financing locally-led climate action (FLLOCA) programme domiciled mainly in our county governments - of USD295 million, the adaptation fund of USD10 million, the Kenya Smart Agriculture Project USD250 million and the Climate Investment Fund - USD70 million. The climate finance received by Kenya brings several significant benefits that contribute to the country's effort to mitigate and adapt to the impacts of climate change. These benefits are many and they span across environmental, social and economic dimensions. They enhance resilience, support sustainability and contribute to our development. Hon. Temporary Speaker, allow me to bring to the attention of the House that as a country, we have a significant climate financing gap, which hinders our ability to fully implement our climate goals, including those outlined in our Country's National Determined Contribution (NDC). The fully implementation of NDC requires a country to mobilise USD62 billion. Despite the influx of international and domestic funding, the available financial resources fall short of estimated needs for climate financing. There are about four regulations remaining on climate financing, carbon market and even the registry, which I will bring to the House next week and we should be through God- willing before COP 29 in Baku. I really want to urge the Committee on Delegated Legislation… They really helped me when I was in the Ministry of Defence and even here when I am in the Ministry of Environment, Climate Change and Forestry. We argued our case. Last week, the Committee supported the first regulations. Once we deal with the legal framework, Kenya will be ahead of many countries in Africa in terms of how prepared we are for carbon market. The second and final question, was to elaborate how carbon credits are quantified and accumulated accordingly in the country and mechanism in place to ensure that farmers who plant trees qualify for carbon credits. This is very technical. I think Dr Mutunga might be the only one who will understand this. Some of them are like what are the National Designated Authorities (NDAs), what carbon trading is, what carbon index is, who is qualified and what are the parameters. On the last question, the Member seeks our indulgence to elaborate how carbon credits are quantified and to state mechanisms in place to ensure tree planting farmers qualify. There is a Member who asked me last week if his car is old and it is polluting what it means. I told him that he is supposed to pay. This carbon thing applies when, for example, the big corporations in the West, like airlines, because they are the polluters and we are the victims. So, we trade in. We plant trees, then they offset that with the pollution. So, it is good to define simple terms like what a carbon credit is. A carbon credit is a unit of exchange that individuals and farms alike use to offset their greener house gas emissions. Farmers who plant trees can qualify for carbon projects by participating in what we call agroforestry or restoration initiatives, where carbon credits are generated based on the amount of carbon sequestered by the trees over time. One important requirement for farmers to consider is the trees planted for this specific purpose of sequestering carbon have to be on the land for a long time to ensure permanency on carbon sequestering. Allow me to elaborate the process involved. A baseline scenario is first established to estimate how much carbon could have been stored in the absence of the project. For farmers, this could mean assessing the current land use or vegetation before tree planting. Farmers then plant trees, which capture and store carbon, what they call the carbon sink as they grow. The amount of carbon is then monitored periodically based on tree species, growth rates or area covered. Once the carbon is verified, carbon credits are issued based on the amount of carbon dioxide absorbed. One carbon credit represents a sequestration of one metric ton of carbon The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}