Search Results for: carbon
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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
Nairobi’s Kamukunji Tapped as Global Test Case for Low-Carbon Urban Development
In the crowded streets of Kamukunji, one of central Nairobi’s most densely populated districts, a multimillion-dollar experiment in sustainable urban development is about to begin. The five-year programme, backed by a $5.2 million grant from the Global Environment Facility (GEF), aims to remake the neighbourhood into a low-carbon, climate-resilient community, while making the case that the same approach can be…
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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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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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NEWS
Kenya Enforces 40% Benefit-Sharing Rule in Carbon Markets
The cowboy era of unregulated carbon trading in Africa has officially met its match in Nairobi. Following a series of high-profile legal battles and international scrutiny, the Kenyan government has begun strict enforcement of the Climate Change (Carbon Markets) Regulations 2024, fundamentally shifting the power balance between global project developers and local communities. At the heart of the new enforcement…
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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
KLM Flags Off Nairobi–Lolldaiga Cycling Expedition to Champion Circular Sustainability and Aviation Decarbonisation
KLM Royal Dutch Airlines has flagged off a cycling expedition from Nairobi to the Lolldaiga Conservancy in central Kenya, marking a unique blend of community-driven environmental action and the airline’s long-term commitment to sustainable aviation. The multi-day ride, covering more than 350 kilometres, aims to raise awareness on waste management and upcycling while supporting local communities. Along the route, cyclists…
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