The Climate Innovation Centre (CIC) is a pilot programme being supported by the World Bank, government of Denmark and UKAid. It was launched yesterday, October 1st 2012.The CIC is an innovative model to accelerate locally owned, locally developed solutions to climate change. In addition to reducing greenhouse gas emissions and improving climate resiliency, it will accelerate business in high-growth sectors such as renewable energy, agriculture, clean water, and energy efficiency. The Kenya CIC will be seeded by a contribution of US$15 million over five years.
The CIC aims to help Kenya achieve a mix of economic, environmental and social results, including green jobs and the start up for green companies, reduced CO2 emissions and enhanced climate resilience, access to clean energy and water and strengthened technology and innovation capacity.
The establishment of the CIC is also in hope of transforming Kenya into a middle income country. The grouping of countries according to their income was developed by World Bank World Development Indicators. These countries lay within a certain range or a set of parameters (about $1,000 to $12,000 gross national income per person). Kenya is said to have the potential to move from a low income to a middle income country if its economy can increase at about 6% per year, according to World Bank. Some countries that fall into the middle income category include South Africa, Brazil and recently China.
We have to acknowledge the efforts being done by the World Bank and other donors in trying to encourage a green economy in Kenya. This is a good step towards the positive side and all we can hope is that the youth take advantage of such scenarios and build themselves into the entrepreneurs and leaders they can be.
For Climate Governance and Integrity Programme (CGIP), all we hope is that there will be transparent and accountable use of these funds that are being set aside for this project. Funds that are aimed for climate change projects have not been of focus to many people especially the public, yet they have a right to know how such funds are being used.
We hope that through this project, many success stories will emerge, as success stories act as motivators to other unsettled minds.