From Belém to Antalya: How the UAE and Kenya Can Turn Climate Ambition into Bankable Projects

From Belém to Antalya: How the UAE and Kenya Can Turn Climate Ambition into Bankable Projects

As COP31 opens in Antalya, Türkiye, the question facing negotiators is whether the world’s climate commitments can become projects that actually get built.

For the UAE and Kenya, this is not an abstract debate. It is the next phase of a partnership with the potential to connect Kenya’s renewable energy resources and development ambitions with Emirati capital, technology and investment expertise.

COP29 established the ambition to scale climate finance for developing countries from public and private sources to at least $1.3 trillion annually by 2035. COP30 carried that ambition forward through the Baku-to-Belém process, alongside a call to triple adaptation finance by 2035. These are significant commitments, but their value will ultimately depend on whether countries can translate them into reliable electricity, stronger food systems and more resilient economies.

Kenya is well positioned to demonstrate what this could look like. Its geothermal resources provide a strong foundation for renewable electricity, while its ambitions in manufacturing, agriculture and digital services create opportunities to turn that energy into wider economic growth. Realising this potential requires long-term investment and partners able to help projects navigate the technical and commercial challenges between an initial agreement and operation.

This is where the United Arab Emirates can make a meaningful contribution.

In brief

As COP31 opens in Antalya, Türkiye, the question facing negotiators is whether the world’s climate commitments can become projects that actually get built. COP29 established the ambition to scale climate finance for developing countries from public and private sources to at least $1.3 trillion annually by 2035. COP30 carried that ambition forward through the Baku-to-Belém process, alongside a call to triple adaptation finance by 2035. Kenya is well positioned to demonstrate what this could look like.

This is the opening of the story, shared with credit to KBC. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at KBC ↗

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