Kenyan business leaders commit to achieving net-zero emission

climate change
Climate change

Kenyan business leaders on Wednesday committed to engaging in sustainable practices to reduce carbon emissions by at least 5 percent to achieve net-zero goals in the fight against climate change.

Carole Kariuki, chief executive officer of the Kenya Private Sector Alliance (KEPSA) said that her members would enhance their adaptation and mitigation measures to help the east African nation navigate the climate crisis. He made the remarks in Nairobi during the launch of a charter that cements private sector commitment in the fight against climate change.

By launching the charter, the business leaders said their target is to achieve net-zero emission, which means not adding greenhouse gases to the atmosphere. This would be achieved by cutting emissions to the lowest level as well as balancing out any that remain by removing an equal amount.

Peter Ndegwa, chief executive of Kenya’s telecom Safaricom, said the company aims at achieving net-zero status by 2050. The firm would invest in hybrid energy solutions and the use of solar to cut carbon emissions.

Stephen Jackson, the United Nations Resident Coordinator in Kenya, noted that climate change effects are biting harder in Kenya as 2.5 million people currently face severe drought, a crisis that may worsen in the coming months. Jackson asked financial institutions in the east African nation to come up with green financing models to help the country reduce carbon emissions.

Prabhakar Vanam, chief executive officer of Kenya Climate Innovation Center (KCIC), said in the charter, Kenyan firms commit to integrate mitigation and adaptation measures in their business models, enhance investment and financing to implement climate change projects, raise awareness and train their own staff in climate change, invest in low carbon projects, develop green products and services, integrate gender equality considerations in climate change planning processes, have sustainable net-zero strategies and aid the Kenyan the government to achieve its climate change plans by sharing their strategies. Enditem

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