Kenya unveils carbon market rule book and caps the overseas sale of carbon credits
Africa2 sources2 countries🔦 Under-reported52m ago
Kenya has officially implemented a new regulatory framework for international carbon trading, establishing one of the most comprehensive rule books in Africa. As part of these new measures, the government has introduced a cap on the volume of carbon emission credits that can be authorized for sale to overseas buyers.
This policy shift aims to formalize and regulate the country's participation in the global carbon market. By setting specific limits, including a threshold of 10 million metric tons, the government seeks to exert greater control over its carbon assets and the international trading process.
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WTOP News - Washington DCIncludes specific quantitative data regarding the carbon credit cap