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Carbon credits: How you can get into the lucractive market
Carbon credits are digital certificates granted to correspond to reduction of carbon. Currently, 1 carbon credit is equivalent to one metric tonne of carbon dioxide.
As at 2021, Kenya’s forest cover was said to be about nine percent. There is an ambitious plan to increase coverage to 30 percent by 2032.
There are many advantages of having a good forest cover. One of the emerging benefits is the possibility of earning extra revenue from sale of what are known as carbon credits. Both governments and businesses can engage in carbon credit trading as a way of raising extra revenue.
