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William Ruto

Climate love

Major plan to unlock Kenya's carbon credit

President William Ruto signed into law the Climate Change (Amendment) Bill 2023 on September 1, setting the stage for the regulation of carbon markets. The new law will also bolster Kenya’s ability to mobilise resources to strengthen its capacity for climate resilience initiatives. With the new law, Kenya joins several countries globally, including South Africa, India, Indonesia, and Vietnam, in efforts to set up domestic carbon trading markets as the need for more financing towards combating the adverse effects of climate change. Kenya will soon have a carbon registry, which will allow trading in carbon credits. https://www.businessdailyafrica.com/bd/economy/kenya-s-plan-to-unlock-carbon-credit-market--4357006

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  • Grace Njeri

    37 w

    Great way to bolster investment in renewables and help slash emissions.

    7
    • Princess

      37 w

      Such forward-thinking efforts deserve recognition and support.

      9
      • Saustine Lusanzu

        37 w

        Kudos to Kenya

        9
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