Strategic Goal A: Target 3: By 2020, at the latest, incentives,minimize or avoid negative impacts, and positive incentives for the conservation developed

  • Target 3: By 2020, at the latest, incentives,minimize or avoid negative impacts, and positive incentives for the conservation developed

Milestones/Contributions

The Ban on plastics: Through a Gazette Notice No.2334 & 2356, the use, manufacture and importation of plastic bags used for commercial and household packaging was banned in Kenya.  The penalties for contravening the ban are commensurate to the crime.

The EMCA Act 1999 Amendment Act 2015. Provides for enactment subsidiary legislation some already enacted includes water quality, waste management, controlled substances, biodiversity, wetland, river and seashore, and environmental impact assessment (EIA) regulations. These are intended to provide regulations for the usage and type of allowable activity in the different ecosystems and habitats of Kenya.

Some economic instruments include

  1. NEMA – e.g. Pollution taxes Discharge licences and permits
  2. Forest taxes, permits and fees e.g. Land rates exemptions for those engaged in private forestry

iii.         KWS taxes, permits, fees etc e.g. Increased fines/ conviction limits  for poachers, bio piracy

  1. PES SCHEMES
  2. Sustainable financing under the Green Economy: the government seeks to enhance diversification of policy and financial instruments that support the green economy such as green bonds and eco taxes.pport this description.

On the Green bond Under the Green Bond Programme – Kenya aims to promote financial sector innovation by developing a domestic green bond market, brought together by the Kenya Bankers Association (KBA), Nairobi Securities Exchange (NSE), Climate Bonds Initiative, Financial Sector Deepening (FSD) Africa and FMO – Dutch Development Bank. Other partners who provide technical assistance and guidance include International Finance Corporation (IFC) and the WWF – Kenya. The Green Bonds Programme – Kenya is endorsed by the National Treasury, Central Bank of Kenya and Capital Markets Authority.

The Ministry of Environment and Forestry and the National Treasury to provide economic and fiscal incentives e.g. tax rebates that promote efficiency in wood conversion and utilization. ii) Payment for Ecosystem Services, including water, carbon, and tourism levies; iii) Provision of affordable credit facilities to businesses engaged in forest development; iv) Provision of grants to communities for forest development. Other incentives directed at counties, institutions, schools, media houses, communities, individuals and institutions who excel in forestry conservation and management include; i) Trophies; ii) Certificates; iii) Cash and in-kind prizes; iv) Recommendation to the Head of States for decoration

  1. Logging Bans: Ban on logging effected to develop systems for sustainable harvesting of forest plantations
  2. Charcoal rules

Ministry  of  Environment,  Water  and  Natural Resources,  is developed  a  national  REDD+  programme.  It is to protect a forest from being destroyed!  Making a forest more valuable– By increasing the forests economic value by keeping them alive rather than destroyed. This is done through a stream of revenues paid directly to those communities living near the forest, only if the forest is protected. The Kasigau Corridor project was the first REDD+ project to receive issuance of carbon credits under an internationally accepted carbon standard (Dinerstein et al., 2013). There are about 25 REDD Projects in Kenya (www.nema.go.ke)  generating income for communities and many livehood support projects.

Clean Development Mechanism (CDM) Projects There are 20 registered CDM projects in Kenya, which have been issued 0.4 Mt of CERs. Most of these were renewable energy projects (wind, hydro, biomass, geothermal) and 5 were reforestation projects (Fenhann, 2018).

 

Eco-bursaries as incentives for conservation around Arabuko-Sokoke
Forest, Kenya

STRATEGIES TO UNLOCK BUSINESS POTENTIAL OF BIODIVERSITY WEALTH

Using economic incentives for biodiversity conservation

Economic Incentives for Conserving Biodiversity