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Kenya in talks with energy firm for Sh455m carbon credits deal
The carbon credits market is turning out to be a lucrative source of income as evidenced by the billions that electricity producer KenGen is set to earn from the trade next year.
Kenya is in talks with carbon markets consulting firm Suni Smart Energy to monetise the 15 billion trees that President William Ruto’s administration is seeking to plant in the next eight years.
The talks led by Ministry of Environment, Climate Change and Forestry are aimed at inking a $3.5 million (Sh455 million) 10-year deal that will also see Suni Smart Energy support the development of a trading platform for carbon credits across the 47 counties.
