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Finance and investments for climate smart agriculture

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Kenya held its first ever National Adaptation Planning meeting for the Agriculture sector on the 16 and 17 September.

The meeting aimed at building consensus on the priority actions for agriculture proposed in the 2013 – 2017 National Climate Change Action Plan (NCCAP). These activities would then be fast-tracked for piloting.

The meeting was jointly organized by the Ministry of Environment, Water and Natural Resources (MEWNR); Ministry of Agriculture, Livestock and Fisheries (MALF), and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) East Africa Program.

This is a summary of discussions by the thematic working group on Finance and Investments for Climate Smart Agriculture.

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Finance and investments for climate smart agriculture

  1. 1. 16 AND 17 SEPTEMBER 2013 KENYA NATIONAL ADAPTATION PLANNING MEETING FOR THE AGRICULTURE SECTOR Finance and Investments for Climate Smart Agriculture
  2. 2. Background Over the last 5 years, the Government has been implementing various Climate Smart Agriculture (CSA) interventions that have managed to target 2,397,980 farmers (MOA). These interventions are;  Njaa Marufuku Kenya (NMK)  National Accelerated Agricultural Inputs Access Programme (NAAIAP)  Water harvesting for food security where a waterpan/earth dam (WHFFS)  Traditional High Value Crops (THVC) However, only a small proportion of the national budget was allocated to CSA as shown below. Moreover, CSA interventions are implemented by many programmes in and outside the agriculture sector and funding is difficult to track.
  3. 3. Background….cont’ 2003 Maputo declaration 10% of annual budgets Reduced budget allocation to agriculture by 29 per cent in the 2013/2014 budget estimates as compared to the previous year (53B to 38B) CSA interventions are implemented by many programmes in and outside the agriculture sector and funding is difficult to track. On CSA, 0.09% to 0.25% of annual budget between 2008/09 – 2012/13.
  4. 4. Resource mobilization strategies As finance and investment group, we propose the following actions/mechanisms towards resource mobilization: 1. MoALF to prioritize the CSA activities in the Agriculture SWG in the current annual budgeting process. (SWGs launched today). 2. Initiating bilateral negotiations and agreement with various development partners towards agro forestry and sustainable land management. 3. Improvement of absorption capacity of funds (G.o.K & DPs) e.g. through setting up a climate change fund.
  5. 5. Resource mobilization strategies….cont’ 1. Initiating & scaling up existing PPPs under this area. E.g. the risk sharing model between Kenyan bank and G.o.K, Agricultural insurance. 2. Carbon funds (REDD+, CDM, FCP, Adaptation fund {NEMA} etc) 3. Innovative investments mechanisms/products e.g. green bonds. 4. Leveraging financial resources. E.g. the geo-thermal sector 5. Fiscal incentives towards these activities. E.g. tax waivers 6. Tapping into county resources via the CIDP
  6. 6. Key stakeholders KFS, The National Treasury, MoALF, MEWNR, county government, Private sector, CSOs, DPs, stock markets, etc.
  7. 7. Key stakeholders KFS, The National Treasury, MoALF, MEWNR, county government, Private sector, CSOs, DPs, stock markets, etc.

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