Rethinking climate action as an investment

Published
January 29, 2026

It’s time to flip the coin and see climate change as a challenge that also presents investment and business opportunities. Peter Odhengo, programme coordinator of Kenya’s Financing Locally-Led Climate Action (FLLoCA), explains why it is worthwhile investing in local capacity to deliver climate solutions.

By Vibeke Quaade

It is the last day of training for the last group of climate officers. Peter Odhengo is standing in the shade, as energetic and enthusiastic as ever, explaining FLLoCA’s vision.

From challenge to business

For him, climate change has too often been framed exclusively as a problem. “But now is the time to flip the coin and see it as a challenge that also presents business opportunities. We built FLLoCa around that idea.”

FLLoCA is a large-scale programme that invests in local responses to challenges brought about by the climate change. Its goal is to empower local communities and government institutions at county level to respond to the impacts of the climate change.

Directing climate finance straight to county level

FLLoCa tackles this by channelling climate finance directly into county and ward-level climate funds. Communities then decide what to prioritise—water, climate-smart agriculture, ecosystem restoration, risk management, or clean energy.

Nature-based solutions are central to FLLoCA’s approach. Restoring land, protecting water systems, and strengthening climate-resilient agriculture reduce risk while creating productive assets.

Adaptation projects as business cases

Crucially, FLLoCA has shown that adaptation can be bankable. More than 50 locally prioritised initiatives in water, agriculture and clean energy have been developed into investment-ready opportunities since FLLoCa began operating in 2021.

The training provided by Danida Fellowship Centre and its partners has contributed to FLLoCA’s progress.

Watch the videos and read the article about the training Investing in the future: Kenya’s locally-led climate action.

For Odhengo, the lesson is clear. “Climate change is no longer just a crisis,” he says, “It is a business opportunity.”

The Kenyan Government, with support from the World Bank, Denmark, Sweden, the Netherlands and other partners, set up FLLoCA in 2021 to channel funds directly to counties. In partnership with the Danish Embassy in Kenya, the Kenya School of Government and the Wangari Maathai Institute, Danida Fellowship Centre conducted a specialised training programme for about 300 Kenyan county-level climate officers in 2025.

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