The Effect of Climate Finance on the Exportation of Red Meat Carcass in Kenya

Abstract

The study’s main objective was to elaborate upon the effect of climate finance on the exportation of red meat carcasses in Kenya. The influence of climate finance, prevailing temperature, rainfall patterns, exchange rates, and the GDP of the Kenyan population on the exportation of red meat carcass in Kenya served as the goal of the study. The study adopted a descriptive research design. Secondary data for each study variable was collected for the study period 2012 – 2021. The study undertook a correlational as well as regression analysis to determine the relationship between the study variables. The findings indicated that climate finance and exchange rate had a significant positive correlation against exportation of red meat carcass while temperature, rainfall and GDP indicated an insignificant correlation on exportation of red meat carcass. The regression analysis indicated that the coefficient of determination is 18.5 %. This implied that the model could only account for 18.5 of the changes in transportation of red meat carcass. The adjusted R square was lower than the value of R square indicating that the model contained elements that did not add value to it. The regression model was statistically significant indicating that there was positive statistically significant effect of climate finance on exportation of red meat carcass in Kenya. The regression coefficient indicated that all the independent variables were insignificant apart from exchange rate. Only the exchange rate was found to have a statistically significant effect on exportation of red meat carcass. The study therefore concludes that further investment should be injected into climate finance for the purposes of improving exports of red meat carcass. The study also concluded that the climate finance contributed in Kenya was inadequate and more measures needed to be undertaken to enhance climate finance that would enhance production as well as exportation of red meat carcass in Kenya. The study also recommends farmers to ensure that during the dry season, they should dispose off most of their livestock to avoid losses from droughts. This would increase exportation of red meat carcass during dry and hot seasons