Kenya inches closer to monetising Sh452m carbon credit deal

BDCARBONCREDITS

The Environment Ministry targets to ink a $ 3.5 million (Sh452.06million) deal with Suni Smart Energy which would run over 10 years.

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The National Treasury and the Environment Ministry have concluded a due diligence study on a proposed project to monetise an ambitious carbon credits scheme, edging closer to tapping the climate millions.

An update by the Treasury‘s Public Private Partnership (PPP) Unit showed that due diligence on a proposal by privately-owned Suni Smart Energy to develop the country’s carbon credits trade was concluded in November—paving the way for a final approval of the scheme.

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