Feb 16 • 11:08 UTC 🌍 Africa AllAfrica

Kenya: Youth Investment Key to Shielding Kenya From Climate-Linked GDP Losses - Experts

Experts emphasize the need for structured youth funding in Kenya to mitigate economic losses tied to climate change.

Experts gathered in Nairobi for a Climate and Sustainability Breakfast have underscored the importance of investing in youth to bolster Kenya's climate resilience strategy. They warned that without ongoing financial support for young innovators, Kenya could face increased economic losses related to climate change. This investment is crucial as experts note that climate change is significantly affecting various sectors, including food systems and employment, with urgent measures needed to address these challenges.

Symon Bargurei, Managing Director of Capital FM, stressed that the climate crisis must be perceived not only as an environmental issue but also as an impending economic and governance challenge. He highlighted alarming predictions that Kenya may incur annual GDP losses ranging from 3-5 percent due to climate-related phenomena like droughts and floods. The implications of this trend pose severe risks not only to local economies but also to the broader landscape of national competitiveness in the region.

Moreover, attendees discussed the stark financial gap in climate change adaptation funding, which could range between 30 and 50 million per year across Africa by 2030. Despite the dire need for resources, financing for adaptation efforts remains insufficient. The participants' call for investing in youth reflects a recognition that innovative solutions are necessary to tackle these pressing issues and secure the country's future in the face of climate challenges.

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