Kenya Unveils Carbon Market Rule Book and Caps the Overseas Sale of Carbon Credits
The new framework aims to prevent overselling, improve investor confidence and channel projects into priority sectors such as renewable energy and waste.
- Kenya introduced a 10 million metric ton cap on carbon credit sales to overseas buyers through 2030, aiming to protect the country's climate commitments under The Paris Agreement.
- The new framework creates a structured Approval process for projects under Article 6 of The Paris Agreement, capping annual allocations at 1.67 million metric tons to prevent Kenya from overselling credits needed for its Nationally Determined Contribution, or NDC.
- Covering the energy, transportation, industrial, and waste sectors, the guide excludes Forests for now while introducing a priority list of activities to speed up investment reviews aligned with national development goals.
- Climate Change Principal Secretary Festus said the guide replaces an uncertain three-stage process with "clear, published criteria designed to deliver national benefits without compromising Kenya's climate integrity," improving Predictability for investors.
- As Kenya strengthens its status as a major Africa carbon market destination, the regulations aim to keep global temperature increases well below 2 degrees Celsius, consistent with long-term goals established by The Paris Agreement.
12 Articles
12 Articles
Kenya unveils carbon market rule book and caps overseas sale of carbon credits
The guide creates a framework for approving projects under Article 6 of the Paris Agreement, which allows countries to trade emission reduction credits to help meet global climate targets.
Associated Press News
Kenya unveils carbon market rule book and caps the overseas sale of carbon credits
Kenya has introduced a 10 million metric ton cap on carbon credits authorized for international trade up to 2030 under new operational rules for Article 6 of the Paris Agreement.
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