KenGen cleared to launch auction of carbon credits

A geothermal well discharging steam at the Menengai Geothermal Development Company (GDC) project in Nakuru County on June 7, 2023.

Photo credit: File | Nation Media Group

The High Court has given Kenya Electricity Generating Company (KenGen) the greenlight to proceed with a Sh2.5 billion tender for sale of 6.38 million carbon credits after dismissing a petition filed by a losing bidder.

Carbon credits represent a reduction or removal of greenhouse gases from the atmosphere through, for example, switching from fossil fuels to renewable energy like geothermal.

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