An aerial view of Nairobi shows it nestled between two large swathes of green. Nairobi National Park and its world famous wildlife lies to the south, and the city¡¯s western and northern sides are bordered by two dense rainforests. On a clear day, you might see Mount Kilimanjaro piercing the sky from the south. Turn around, and Mount Kenya¡¯s rocky peaks grace the northern horizon. It¡¯s no surprise that Nairobi is popularly referred to as the ¡°Green city in the sun.¡± But on March 14, Kenya¡¯s most dynamic city will add a new qualification to this moniker.
As of the , Nairobi will host global leaders from the public, private, and civil society sectors. While the Summit will showcase Kenya ¨C and Nairobi¡¯s ¨C impressive progress towards sustainability, it will also provide a uniquely African perspective on the Summit¡¯s mission: to speed up the global transition to a low-carbon economy.
An urban perspective
Our efforts to successfully limit global warming hinge on cities. The concentration of people, industry, and infrastructure leaves cities especially vulnerable to climate change and uniquely placed to combat it.
More than 470 million people live in Sub-Saharan Africa¡¯s cities, a number that is expected to double over the next 25 years. By 2050, the region is expected to house 20 percent of the world¡¯s urban residents. Climate change is a leading factor contributing to this urbanization trend. Extreme temperatures and unpredictable rainfall have already affected income from agriculture in the region, signaling further rural-to-urban migration.
Nairobi is no exception. Its population has doubled in just over 30 years, and it currently grows at a rate of 4.7 percent, amongst the highest on the continent. To sustain its current contribution of almost 13 percent of the nation¡¯s GDP, Nairobi must address key issues like a growing demand for affordable housing and water shortages.
IFC analysis found that Nairobi has a leading up to 2030. The biggest investment opportunity - $5 billion ¨C lies in electric vehicles, followed by public transport ($1.6 billion), green buildings ($1.1 billion) water ($360 million), renewable energy ($240 million), and waste ($140 million). These investment opportunities are in part due to strong policy frameworks such as the . The plan provides a guiding framework for the city to 2030 focusing on sustainable transport, water and wastewater, power, municipal solid waste, and telecommunications.
A global opportunity for the private sector
The magnitude of investments required to meet growing commitments to climate action far exceeds public budgets. To meet this need,
So how do we convert this opportunity into actual investments? This is just one of the topics that the One Planet Summit will tackle over the course of the day. In addition to a high-level component co-chaired by France¡¯s President Emmanuel Macron and Kenya¡¯s President Uhuru Kenyatta that unites CEOs, high-level officials, and inspiring voices from youth and civil society, the Summit has dedicated the afternoon to a series of break-out sessions on specific sectors like those outlined in the report, and how to crowd in private sector financing.
Nairobi already has a strong private sector presence as the eighth most attractive city in Africa for foreign direct investment. As such, it can share important lessons learned with other cities in the region and around the world. The One Planet Summit provides the perfect space to do just that by actively inviting new partners to collaborate and launch new initiatives.
Today¡¯s city-level decision-making and infrastructure investments will have long-term impacts that shape the direction of urban growth and development for decades. It¡¯s up to them to make sure that cities like Nairobi stay green ¨C in more ways than one ¨C for generations to come.
