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KenGen-backed Sh107bn fertiliser factory set to sell carbon credits
Kenya Electricity Generating Company PLC (KenGen) Olkaria Geothermal well undergoing tests through discharging in preparations for electricity in this picture taken on February 21, 2025.
Kenya’s first $832.76 million (Sh107.3 billion) green fertiliser project targets to sell carbon credits in the lucrative compliance market by removing carbon dioxide from the atmosphere.
A compliance market is a government-regulated scheme for trading carbon credits—permits that allow owners to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one tonne of carbon dioxide or the equivalent in other greenhouse gases.
