Kenya's Energy Transition and Investment Plan 2023-2050 aims to support global efforts to mitigate climate change and a national goal of net-zero by 2050, by investing in low-carbon technologies. It identifies new sectors for green economic growth, secure investments and opportunities to enhance national energy independence. It focuses on six key technological areas: electrification/efficiency/renewables; carbon capture and storage; low-carbon hydrogen; battery storage; clean cooking; and BECCS (bioenergy with carbon capture and storage). The plan claims that energy transition would require investing an additional 90bn USD cumulatively, supporting more than 500,000 additional jobs by 2050 and reducing oil and gas emissions by 94%.
Kenya Energy Transition and Investment Plan 2023-2050
Summary
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance
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