Kenya unveils carbon market rule book and caps the overseas sale of carbon credits
- NAIROBI, Kenya -- Kenya has introduced a cap on the amount of carbon emissions credits it will authorize for sale to overseas buyers, unveiling one of Africa’s most detailed rule books for international carbon trading.
- The country has set a 10 million metric ton (11,023,113 ton) carbon dioxide equivalent budget for international carbon market transactions up to 2030.
- It establishes a ceiling against which every request will be assessed under the country’s new carbon markets guide.
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- NAIROBI, Kenya -- Kenya has introduced a cap on the amount of carbon emissions credits it will authorize for sale to overseas buyers, unveiling one of Africa’s most detailed rule books for international carbon trading.
- The country has set a 10 million metric ton (11,023,113 ton) carbon dioxide equivalent budget for international carbon market transactions up to 2030.
- It establishes a ceiling against which every request will be assessed under the country’s new carbon markets guide.
Sources: ABC News