Kenya is set to receive KSh590 million in European Union climate funding to strengthen the systems used to monitor, report and verify carbon-market activities and national climate action, as the…
carbon markets
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Kenya bets on carbon markets and blended finance to turn climate commitments into investment opportunities
by Lisa MatataKenya 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…
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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 1.1K 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.
