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Most business executives in Kenya expect a stable economy after the August 9 general elections
  • Kenya has the potential to sequester, reduce, or avoid ~30 metric tons of carbon dioxide equivalent per year and mobilize up to $600 million annually.  
  • From 2016 to 2021, Kenya issued ~26 Mt CO2e of carbon offsets, more than any other African country and approximately 20 per cent of total African credits. 
  • The Government has set up a technical working committee to support the implementation of Article 6 of the Paris Agreement to leverage the carbon market.

Kenya has the potential to sequester, reduce, or avoid ~30 metric tons of carbon dioxide equivalent per year and  mobilize up to $600 million annually from regulatory compliance and voluntary carbon market (VCM) projects by 2030 using an average price of $20 per ton.

This is according to the latest Kenya Private Sector Alliance (KEPSA) report dubbed “Change the Story: Developing a Local Carbon Market in Kenya”. The report describes the current …