Yara East Africa has revealed plans to collaborate with regional farmers and county governments to implement carbon trading and sustainable agricultural practices to aid the government in addressing climate change.
The Carbon credits concept, which involves planting trees, helps farmers both individual and in organizations, indirectly reduce their carbon footprint when they cannot directly reduce emissions on their own.
Country Manager- William Ng’eno
At a meeting of the Council of Governors in Mombasa, Ng’eno spoke about a plan to implement food security and environmental protection strategies through the mobilization of farmers, research institutions, government agencies, and civil society organizations.
Kenya, a leading exporter of carbon credits in Africa, plans to benefit from carbon credit production to create jobs and protect biodiversity through the Africa Carbon Markets Initiative (ACMI).
The initiative, led by a steering committee of African leaders, aims to reach 300 million credits offered annually by 2030, generating $6 billion in income and supporting 30 million jobs.
President William Ruto also spoke at the meeting and emphasized the need for simplified, more transparent carbon market systems that directly benefit communities.
The Africa Carbon Markets Initiative (ACMI) will lead the implementation, launched at COP27. A steering committee is leading the initiative made up of African leaders, CEOs, and experts in carbon credits.
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