Kenya Aims to Regulate Carbon Market Billions, but Land Tussles Threaten Windfall
Kenya has unveiled draft regulations that would place its emerging carbon credit market under the supervision of the Capital Markets Authority (CMA), as part of proposals to transform the country [...]
Northern Rangelands Trust Loses Isiolo Conservancies
Umbrella conservation group The Northern Rangelands Trust (NRT) has been dealt a blow after a court allowed a petition against the establishment of several conservancies on community land in Isiolo [...]Africa's Climate Finance Grows by 48% to US$ 44 Billion
A recent report shows that climate finance flows to Africa saw a 48% increase, reaching USD 44 billion in 2021/2022, up from USD 30 billion in 2019/2020. READ; How Financial [...]
Kenyan Climate Startup Flux Sells Africa's First Carbon Removal Credits
In mid-September, Nairobi-based climate startup, Flux, sold carbon removal credits worth US$370 each to the Milkywire Climate Transformation Fund through the CYNK platform. We are incredibly proud to be selected [...]Counties Need Further Investment in Knowledge to tap Green Finance-FSD Study
Counties need to be appraised on sustainable practices to enable them tap into the green financing to complete different development projects in the devolved units, a recent study by the [...]Young Innovators Pitch Clean Energy Solutions at Renewable Energy Challenge
Twenty-four young innovators, aged between 20-25 years, pitched their sustainability ideas and projects at the Renewable Energy Innovation Challenge Demo Day at the University of Nairobi on 28 March. Both [...]Climate Investment Funds Endorse Kenya’s $70m Energy Plan
The Climate Investment Funds (CIF), through its Trust Fund Committee, has endorsed a $70 million plan, with an initial allocation of $46.39 million. It is expected to mobilize at least [...]
Govt Publishes Draft Rules on Carbon Markets for Public Scrutiny
The Kenya Government has published draft Carbon Market Regulations that are now open for public scrutiny to submit any memoranda by the beginning of February 2024. The draft regulations also [...]Africa to Lose $25 billion Annually to Europe-wide Carbon Tax
The President of the African Development Bank (ADB) Group Dr Akinwumi Adesina has reiterated his warning that the introduction of a carbon border tax by the European Union could push Africa [...]Carbon Credits: The Climate Policy Behind the Voluntary Carbon Market
At an investor presentation in 2020, the multinational oil and gas giant Shell estimated that it might need to plant a forest the size of Brazil to offset their remaining [...]
Ten Counties Pilot Green Bond Access Option, Report Due Q1, 2024
Ten Counties have been selected to pilot an assessment for viability of green bond as an alternative source of funding to various capital-intensive projects in the devolved units. The Financial [...]CBK is Committed to Green Finance-Governor Dr Kamau Thugge
Central Bank of Kenya(CBK) Governor Dr. Kamau Thugge has disclosed that to make Kenya a green finance hub, the monetary authority has embarked on a second phase of reforms that [...]
