Search Results for: CARBON CREDITS
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NEWS
Chestnut Carbon issues first U.S. IFM carbon credits with Verra’s removals tag
Chestnut Carbon (Chestnut), a U.S. developer of nature-based carbon removal projects, announced that its Improved Forest Management (IFM) project has been issued 95,909 new carbon credits that utilize Verra’s carbon removal tag. These credits represent the first IFM credits issued to a U.S.-based project that uses Verra’s newly introduced tool for differentiating reductions and removals in IFM Projects (VT0015). These…
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CLIMATE CHANGE
How Kenya is rewriting the rules of carbon credits
For the past decade, carbon credits were hailed as Kenya’s next green gold, a seemingly magical mechanism allowing the country to monetize its vast forests and renewable energy potential by selling pollution permits to global corporations. But after a tumultuous year defined by landmark court rulings and stringent new government oversight, the landscape has shifted dramatically. If you have heard…
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NEWS
Behind Kenya’s Carbon Exchange Is a Much Bigger Market Story
Kenya’s planned Kenya carbon exchange is about far more than creating a marketplace for carbon credits. It represents the final layer of a framework that has steadily brought project approvals, carbon accounting, regulation and climate finance under domestic institutions. If the Nairobi International Financial Centre (NIFC), Capital Markets Authority (CMA) and Nairobi Securities Exchange (NSE) meet their target of launching…
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NEWS
FarmCarbon Closes $53 Million to Bring Climate Finance to Smallholder Farmers Across Africa and Asia
A new climate finance vehicle designed to put clean energy technology in the hands of smallholder farmers has closed its first round of funding, marking one of the most ambitious attempts yet to channel institutional capital into agricultural methane reduction in the developing world. Sistema.bio announced on March 17 that it had closed $53 million in initial funding for FarmCarbon,…
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NEWS
As Uganda Scales Up Electric Cooking After Kenya’s Carbon Crash
Uganda’s electric cooking conversation starts with a number that rarely makes headlines. Adoption is estimated at 2%. The government wants that figure to be between 18% and 20% by 2030. That is not incremental growth. It is a structural reorientation of how households prepare meals. Behind the ambition sits infrastructure that already exists. Generation capacity expanded rapidly after projects such…
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NEWS
Kenya Launches The National Carbon Registry And Resets Control Over Carbon Projects
The upcoming launch of the Kenya National Carbon Registry lands at a moment when Kenya’s carbon market is no longer defined by ambition alone. The announcement presents a technical milestone, yet the meaning sits elsewhere. The registry arrives after several years in which projects expanded faster than the institutions meant to supervise them, and after disputes forced uncomfortable questions about…
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ENERGY
Kenyan Clean Cooking Startup KOKO Networks Abruptly Shuts Down Amid Carbon Credit Standoff
KOKO Networks, the Kenyan bioethanol cooking fuel provider, has ceased all operations effective immediately. The shutdown follows a protracted standoff with the Kenyan government over the refusal to issue a critical Letter of Authorisation for carbon credit sales. The collapse of the startup, often cited as a poster child for climate finance in Africa, has left over 700 employees jobless…
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SUSTAINABILITY
ME Innovation Fund Invests in Japanese Carbon Credit Monitoring Startup Archeda
Mitsubishi Electric’s ME Innovation Fund has invested in Archeda, a Japanese startup that uses satellite data to develop and provide monitoring and analysis tools for carbon credits. The carbon credit system enables companies and other entities to buy and sell greenhouse gas-reduction outcomes (reduced or sequestered volumes) as emissions-allowance credits. This is the eleventh investment that the fund has made…
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NEWS
CarbonAi & Greenplinth Africa Partner on Clean Cookstove Initiative in Nigeria
CarbonAi and Greenplinth Africa have partnered to implement CarbonAi’s software tools for digital measurement, reporting, and verification (DMRV) of greenhouse gas (GHG) reductions in Greenplinth Africa’s major clean cookstove program in Nigeria The program will distribute millions of clean cookstoves to households across Nigeria and Africa over the next five years, drastically reducing deforestation, GHG emissions, respiratory illness, gender inequality…
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NEWS
Bboxx Launches $100 Million Pan-African Carbon Credit Program for Clean Technologies
Bboxx has achieved Gold Standard carbon credit certification for its clean energy projects in multiple countries in Africa, including Rwanda, Kenya, Togo, and the DRC. This recognition covers solar home systems, PAYGO clean cooking solutions, and solar-powered water pumps, collectively generating over 35,000 carbon credits annually. In total, the projects are expected to offset more than 20 million tons of…
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