Introduction
Climate Financing: Tapping into Green Funds and Mitigating Climate Risks in Budgets
Background on Climate Financing
Climate financing refers to the funding allocated for projects and initiatives that aim to mitigate and adapt to the impacts of climate change. With the increasing recognition of the urgent need to address climate change, the concept of green financing has gained prominence in enhancing organizational and project budgets. Green financing involves the use of financial instruments and funds specifically earmarked for environmentally sustainable projects. Organizations and investment projects can enhance their budgets with green funds to support budgets and investments related to transition to renewable energy, energy efficiency, sustainable agriculture, and other projects that organizations and projects are venturing into and are likely to contribute to climate change mitigation and building resilience to climate impacts.
Course Justification
i.Enhancing Organizational Budgets
Green funds can provide additional financial resources that can be integrated into organizational budgets, thus enhancing the overall financial capacity of the organization.
ii.Mainstreaming Climate Risks
Incorporating climate change risks into the budgeting process is essential for long-term sustainability. Budget planners need to identify potential climate-induced risks and allocate funds to manage and mitigate these risks.
iii.Compliance and Reporting
Knowledge of climate-related financial disclosures and sustainability reporting is vital for compliance with international standards and attracting green investments. Effective reporting of climate-induced risks in financial terms helps in securing funding and maintaining transparency.
iv.Strategic Management and Resilience
By identifying climate-induced risks and applying appropriate strategies, financial officers, accountants, and budget handlers can enhance institutional budgets and build organizational resilience against climate impacts.
Objectives
- The general objective of the course is to equip financial professionals with the knowledge and skills to tap into green funds, effectively integrate climate financing into organizational budgets, manage climate-induced risks, and comply with climate-related financial disclosures, thereby enhancing the overall financial resilience and sustainability of their organizations.
Intended Learning Outcomes
- By the end of this course, participants will be able to:
- Understand and apply climate finance policies in organizational financial strategy.
- Identify, access, and integrate green funding sources into organizational budgets to enhance financial capacity and align with climate goals.
- Develop climate-resilient budgets that incorporate climate-related expenditures, contingencies, and strategies to mitigate impacts.
- Manage climate-induced budget risks while ensuring compliance with relevant climate policies and regulations.
- Prepare and report accurate climate-related financial disclosures and sustainability reports
Who Should Attend
CFOs, Financial Planners, Internal Auditors, Chief Accountants, Financial Managers, Investment project managers and other professionals in the same portfolio
Methods: Interactive sessions, Expert-led discussions, Lectures, Case reviews, Knowledge exchange, Group activities on budget templates.
Programme Delivery
Interactive sessions, Expert-led discussions, Lectures, Case reviews, Knowledge exchange, Group activities on budget templates.
Focus Areas
| Key Learning Item | Content Breakdown |
| Understanding Climate Finance Policy and Green Financing | Overview of climate finance policy, growth of green financing in Africa, and its significance. Understanding the policy framework and the evolution of green financing in the African context. |
| Exploring Green Capital Flow and Funding Sources | Types and sources of green funds, identifying suitable green funds for different organizational contexts. Identifying various green funds, their sources, and applicability to different organizational needs. |
| Enhancing Organizational Budgets through Green Funding | Strategies to integrate green funds into budgets, enhancing financial capacity through green financing. Techniques to incorporate green funds into organizational budgets for improved financial stability. |
| Developing Climate-Resilient Budgets | Integrating climate-related expenditures and contingencies. Ensuring budgets are resilient to climate impacts. Identifying and managing climate-induced budget risks, ensuring compliance with climate policies. Identifying climate-related risks, ensuring compliance with climate policies, and effective risk management. |
| Climate-Related Financial Disclosures and Reporting | Understanding climate-related financial disclosures, sustainability reporting, and their importance. Best practices in financial disclosures related to climate risks and sustainability reporting. |
Request Brochure
Kindly fill in the form below and we shall send the brochure to you.
Executive Public Policy & Sustainability Programmes - Brochure Request Form
Developing Great African Leaders
Key Details
28-30 October 2024: Kenya
11-13 November 2024: Tanzania
Cost: Kshs. 120,000
For more information on the programme contact Maureen on
- Email: mchelangat@strathmore.edu/ eeopenprograms@strathmore.edu or
- Call +254 (0) 722 756 881.
