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Government of Kenya

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Kenya hosts climate change experts to boost carbon trade in Africa

Climate change experts began a two-day meeting in Nairobi, the capital of Kenya, Tuesday to promote carbon markets in Africa. The Carbon Markets Conference 2024 brought together more than 200 participants, including government officials, financiers and project developers from around the world, to share knowledge on carbon market opportunities on the continent. In his opening remarks, Musalia Mudavadi, Kenya’s prime cabinet secretary and cabinet secretary for foreign and diaspora affairs, said that Kenya can seize, reduce and avoid about 30 million metric tons of carbon per year. “Our potential is to harness up to 600 million U.S. dollars annually by 2030 through the sale of high-quality carbon credits,” Mudavadi said. “Africa’s contribution to global emissions is minimal, but the continent suffers disproportionately from climate change vulnerability. Yet, this is not a story of despair but one of untapped potential and opportunity,” Mudavadi added. “With its rich renewable energy resources, vast expanses of arable land and diverse terrestrial and marine ecosystems, Africa stands at the cusp of sustainable economic growth and green industrialization.” He said that the conference demonstrates Nairobi’s commitment to building momentum created by the first-ever Africa Climate Summit that Kenya hosted in September 2023 under the leadership of President William Ruto. According to Mudavadi, carbon markets have emerged as a pivotal financial instrument that can catalyze climate action by providing a flow of carbon finance to stimulate green growth.  https://www.capitalfm.co.ke/business/2024/03/climate-change-experts-meet-in-nairobi-to-boost-carbon-trade-in-africa/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=climate-change-experts-meet-in-nairobi-to-boost-carbon-trade-in-africa

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  • winnie nguru

    2 w

    Kenya has been committed on matters clean and sustainable energy. I am glad to see the kind of investing that goes into this sector

    4
    • Grace Njeri

      1 d

      @winnie_nguru A better way to provide a variety of environmental and economic benefits

    • Gorffly mokua

      3 w

      It's encouraging to see experts gathering in Nairobi to promote carbon markets in Africa👏

      2
      • Elizabeth Gathigia

        3 w

        Kenya is really committed to ensure the planet is well protected and I urge it to keep on leading the way

        4
        • Gorffly mokua

          3 w

          @elizbeth_gathigia Correction, partly committed not fully!!

          2
        • George Kariuki

          3 w

          Love to see Kenya taking the lead on this issue. Hopefully this paves the way for more green growth and investment. Let's see if other countries follow suit!

          3
          • Ann Nyambura

            3 w

            Impressive!

            5
            • walter lungayi

              3 w

              Great move as this initiative will boost Africa's role in carbon markets, paving the way for sustainable development and environmental stewardship across the region.

              5
              • mary Mwihaki

                3 w

                This is amaizing ensuring planet and environment is protected

                5
                • Esther Wanjiku

                  3 w

                  Bravo to Kenya for hosting such a climate that bolsters carbon trade in the continent.

                  4
                  • Rukia Ahmed Abdi

                    3 w

                    Kenya is standing out as an epicenter of climate action in Africa.Such a meeting is vital in carbon trade promotion for Africa

                    10
                    • Esther Wanjiku

                      3 w

                      @rukia_ahmed_abdi No doubt it is

                      3
                      • Rashid Kamau

                        3 w

                        @rukia_ahmed_abdi Kenya can deliver the best and set exemplary example to other nations.

                        3
                        • Gorffly mokua

                          3 w

                          @rukia_ahmed_abdi We are not badly off, but we should be doing better than this...

                          2
                        • Jane Wangui

                          3 w

                          We all should agree that Kenya is really giving it's all in ensuring that the environment is protected and the planet is at its best.

                          14
                          • Rashid Kamau

                            3 w

                            @jane_wangui The effort is well recognized and appreciated at the same time.

                            4
                            • Gorffly mokua

                              3 w

                              @jane_wangui If Kenya is committed as you say, then why did the government allow mining in national parks???

                              2
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