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EAC states: Borrow a leaf from Kenya carbon trading deals

AFRICA: THE EAC countries are now beginning to tap into carbon trading by calling investors to invest in this new lucrative business. Carbon credit markets enable industrialised nations and businesses to offset their carbon emissions by investing in ecofriendly projects elsewhere. The compliance market for carbon credit in EAC is regulated by national and international

Innovative Business Models

With current efforts to boost Africa’s carbon credit production by 2030, experts believe the commitments will require Governments to switch from a voluntary to a compliance market by generating renewable energy for a portion of national and regional electricity supplies.

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