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Government of Kenya

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Kenyan Govt proposed heavy fines for sellers of carbon credits without licenses

Carbon market is a trading system where individuals sell and buy carbon credits. Carbon credits are permits that allow the owner to emit specified amounts of carbon dioxide in the air. During carbon markets, low-emitting countries sell carbon credits to high-emitting countries to balance out gas emissions in the atmosphere. The draft regulations created by the Environment Cabinet Secretary Soipan Tuya include a Ksh500 million fine, 10 years imprisonment, or both for those operating without licenses in Kenya. It is part of the government's plan to deal with the effects of Climate Change and sell carbon credits. "Any person who undertakes a carbon market project without an international, national, bilateral and project-based agreement without the approval of the Cabinet Secretary commits an offence," reads part of the regulations. https://www.kenyans.co.ke/news/96281-carbon-market-govt-fine-and-jail-kenyans-operating-without-licensing?utm_source=Twitter&utm_medium=EM&utm_campaign=https://www.kenyans.co.ke/news/96281-carbon-market-govt-fine-and-jail-kenyans-operating-without-licensing

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26 more agrees trigger contact with the recipient

  • Ann Nyambura

    10 w

    Good move for environmental protection.

    • johnte ndeto

      13 w

      This decision will discourage carbon emissions 💯

      4
      • CHRIS NGATIA

        10 w

        @johnte_ndeto it will really discourage it

      • Rotich Kim

        13 w

        We are hopefully hope the government will implemented more policies that should prevent this for going forward

        8
        • Joseph Githinji

          13 w

          @rotich_kim true ,the Kenya authorities must swear to be a defender of climate justice.

          4
        • George Kariuki

          13 w

          This shows a positive commitment to addressing climate change and potentially benefiting from the carbon market.

          5
          • Joseph Githinji

            13 w

            @george_kariuki it's a great regulation that we all must embrace.

            4
          • walter lungayi

            13 w

            This is a positive step towards regulating the carbon credit market in Kenya and ensuring that only legitimate sellers are operating in the industry.

            5
            • Joseph Githinji

              13 w

              @walter_lungayi true, extortionists must be dealt with entirely.

              4
            • Joseph Githinji

              13 w

              This is a great regulation to aid in stopping climate injustice,those culpable must face the full force of the law.

              14
              • Jane Wangui

                13 w

                @joseph_githinji the law should ensure that they follow through with the heavy fines to those who deserve it.

                3
              • CHRIS NGATIA

                13 w

                This is a great start ... But they should be totally shut down

                13
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