| dc.description.abstract | Climate change is considered as more than just an environmental danger since it affects so many economic sectors; it is also anticipated to worsen. The goal of this study was to look at the present condition and developments in green and climate financing techniques used by Kenyan commercial banks. The need to address social, economic, and environmental issues while generating new ideas and best practices is central to the concept of sustainability. Economic growth is made more sustainable by taking into consideration social and environmental problems. Climate funding may lead to the improvement of financial institutions' risk management capabilities, the capacity building of various actors in the climate finance sectors, and the tightening of relationships between financial institutions. Convenient financial instruments include grants, subsidized loans, and credit guarantee funds. If effective strategies are to be implemented to draw climate money in support of extensive mitigation action, a varied, demand-responsive approach to financial innovation is required. Population, conceptual, and contextual gaps are found in the literature review of the study, which supports the need for greater research on the topic. The study's conclusions can help regulatory organizations like NEMA and the CBK improve the way they create and enforce policies and ensure that banks engage in sustainable projects while generating anticipated fair profits. The study ought to, ideally, also offer more details about the significance of green financing and its prior impacts on the financial performance of Kenya's listed commercial banks in terms of sustainable investment. The research also contributes to the existing body of knowledge as efforts are made to slow down climate change, not just in the Kenyan context but also on a regional and global scale. This firm must be sustained due to the crucial role the financial industry plays in ensuring national prosperity. Financial institutions are contributing in the funding of projects in Kenya's extractive, industrial, housing, infrastructural, and agricultural sectors. As a result, bank financing to and investment in green assets is seen as being significantly dependent on efforts to combat climate change by moving toward a net-zero carbon economy. The paper proposes developing a model to promote sustainable banking in Kenya, with a focus on climate funding, as a solution to the main practical obstacle of the lack of finance. | en_US |
