Big firms buying Kenya’s carbon credits revealed

Photo credit: Designed by Gennevieve Awino

Giant US companies top the list of global players snapping up deals in Kenya’s nascent voluntary carbon market (VCM), a new report by the World Bank shows.

These deals have resulted in billions of shillings in earnings for conservancy groups and communities.

Records show that in 2022, Kenya was the second largest issuer of VCM carbon credits in Africa, after the Democratic Republic of the Congo — carrying on a trend of leaps over the past decade.

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