Kenya is seeking to expand the role of carbon markets and blended finance in its climate strategy, Environment Cabinet Secretary Deborah Barasa told global ministers and negotiators at the Petersberg…
carbon markets
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By Shelley Estcourt, CEO, and Storm Patel, Commercial Director at TASC Across Africa, the conversation about climate action is no longer just about resilience. It is increasingly about opportunity. Our…
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A deep dive into the world of carbon credits and business impact
by Mary MuturiAfricaBusinessCarbon MarketsEnergy & TransitionEnvironmental ResponsibilityFinance & Economy by Mary Muturi 764 views 4 minutes readCarbon credits function on the basic principle that businesses can offset their emissions by funding initiatives that absorb or reduce an equivalent quantity of greenhouse gases in other locations. Companies are assigned a specific carbon footprint depending on their emissions. Programs for methane capture and installations of renewable energy sources are examples of these kinds of projects. Carbon dioxide equivalent (CO2e) that is either decreased or eliminated from the atmosphere is represented by one metric ton per credit.
