On March 18, 2024, Anzetse Were spoke on a panel at the conference on ISSB IFRS S1 & S2 Standards in Nairobi hosted by the International Sustainability Standards Board (ISSB), the Capital Markets Authority and the Institute of Certified Public Accountants of Kenya.
She shared her insights on the impacts of climate change on economic growth and fiscal and monetary policy in Africa. Anzetse also outlined the misalignment between the style of climate finance and the dominance of informality on the continent where the informal economy accounts for 80.8 percent of jobs. Given that climate finance is very formal and structured, this type of finance understandably has a difficult time interfacing with informality.
She highlighted the importance of green finance professionals in anchoring and scaling green and climate finance in Africa. Green and climate finance professionals such as accountants conversant with IFRS S1 & S2 standards have an opportunity to serve as part of the cadre of interlocutors between green/ climate financiers and related investment opportunities in Kenya and Africa.
