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Kenya’s plan to unlock carbon credit market

BDCARBONCREDITS

CYNK, a Kenya-based platform, says it has traded over two million carbon credits from the Tamuwa renewable biomass project. PHOTO | SHUTTERSTOCK

By  Julians Amboko

Contributor

Nation Media Group

President William Ruto signed into law the Climate Change (Amendment) Bill 2023 on September 1, setting the stage for the regulation of carbon markets.

The new law will also bolster Kenya’s ability to mobilise resources to strengthen its capacity for climate resilience initiatives.

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