2050.Nordic Energy Research
AFD
Agence Française de Developpement
Big 4 Agenda
China
Denmark
Disqus
Egypt
Europe
FILE
Finland
Ghana
Green Economy Strategy
Japan
JavaScript
Kenya
Kenya Association of Manufacturers
Namibia
Paris Agreement
Sweden
US

Steps to achieving the Big 4 Agenda on clean energy

We can achieve our Big 4 economic plan on a clean energy-driven economy through deliberate action.

Steps to achieving the Big 4 Agenda on clean energy

We can achieve our Big 4 economic plan on a clean energy-driven economy through deliberate action. FILE PHOTO | NMG

In line with the Paris Agreement’s aim to strengthen global response to climate change, industry as a significant stakeholder in the planet’s future, must take a lead in effecting and normalising clean energy use. From the first industrial revolution in the 1800s, we have seen each period of transformation bring with it smarter and leaner ways to achieve more, in terms of quality and productivity.Industry 4.0 is a game-changer and requires each one of us to intertwine our economic goals to our environmental contribution.A report by the Global Trends in Renewable Energy Investment 2018 states that the world has invested $2.9 trillion in green energy sources since 2004, and adds that 12.1 per cent of total global power in 2017 came from clean sources.

Countries such as Sweden, Finland and Denmark are leading in clean energy innovations from recycling, to the development of electric motors and the development of progressive policies that support decarbonisation of energy systems by 2050.Nordic Energy Research has estimated that over a third of the region’s energy supply comes from renewable sources with biomass and waste being used to generate electricity, heat and transport fuels.In essence, to achieve an effective clean energy mix, we need the right policies, a focused-investment plan to support new technology installation and goodwill from the Government.It is interesting to note that, corporate renewable energy sourcing has moved beyond the US and Europe to countries such as China, Japan, Ghana, Namibia and Egypt.This is where Kenya’s opportunity lies. We have in place a stepping stone to help us take advantage of this shift: it is our geothermal power project. Kenya is globally recognised as a trailblazer in geothermal power know-how, and all eyes are trained on our ambitious wind-power project.We have a Green Economy Strategy and Implementation Plan. Why, then, do we find ourselves restricted to geothermal when we have biomass, wind and solar power?First, the capital needed to set up renewable projects is high. Without a conducive business environment that promotes green financing including clear roadmaps that bridge high-level national targets and technical details on capacity building, we cannot attain a green economy.Secondly, access to technical support on renewable energy and energy efficiency is lacking. This includes assistance offered to investors to identify investment opportunities in green energies; the development of eligible, innovative and profitable green projects for private sector and, for banks, the know-how to analyse the bankability of projects.There are current local efforts to bridge these gaps, for instance, Kenya Association of Manufacturers’ partnership with Agence Française de Développement (AFD) to provide financial solutions to green energy initiatives.For Kenya to fully take advantage of the shift on corporate renewable energy sourcing to the continent, more is required.We can achieve our Big 4 economic plan on a clean energy-driven economy through deliberate action.

Please enable JavaScript to view the comments powered by Disqus.

Share this Post

by

Search