Kenya to cap volume of traded carbon credits

The proposal to limit the volume of traded carbon credits is contained in a new draft of carbon trading regulations by the Ministry of Environment.

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The government is set to restrict the volume of carbon credits traded in the country, denying a free hand to public and private entities dealing in the offset units.

Carbon credits are permits that allow one to emit a certain amount of greenhouse gases, with the units purchased from owners of forests or other environmentally friendly assets.

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