Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya’s private sector looks to claim a share of carbon market
From left: Standard Chartered Bank Kenya CEO Kariuki Ngari, KenGen CEO Rebecca Miano, and National Treasury Climate Finance Unit director Peter Odhengo during the launch of the Carbon Dated Report on July 15 this year. PHOTO | DIANA NGILA | NMG
The private sector is key to realising the aspirations of the Paris Agreement, which marks a transition in the use of international carbon markets to mitigate the effects of climate change. Article 6 of the Agreement lays the foundation for international market-based approaches to facilitate realisation of resilience targets communicated by countries in their Nationally Determined Contributions (NDCs).
Also, it establishes a decentralised mechanism through which Internationally Transferred Mitigation Outcomes (ITMO) can be generated in one country and acquired by another.
