Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Kenya, World Bank unveil carbon market guidebook for enterprises !

Kenya, World Bank unveil carbon market guidebook for enterprises

Time:2024-05-21 09:17:26 source:Earthly Echo news portal

NAIROBI, April 13 (Xinhua) -- Kenya and the World Bank have unveiled a guidebook in order to boost the participation of local enterprises in carbon markets.

Stephen Odua, director of business environment at the Ministry of Investments, Trade and Industry, said the manual provides practical steps for private sector organizations seeking to develop projects that contribute to the avoidance or mitigation of greenhouse gas emissions.

"Kenya has missed out on carbon markets given that many enterprises have a limited understanding of carbon markets, and significant capacity building is needed," Odua said in a statement released on Saturday in Nairobi, the capital of Kenya.

Victor Ogalo, deputy chief executive officer of the Kenya Private Sector Alliance, said participation in carbon markets will enable local companies to support the country's climate change mitigation and adaptation goals.

He noted that the guidebook sets out procedures and rules for enterprises exploring how to quantify and issue certified carbon credits. ■

Related information
  • Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
  • Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
  • Ship that caused Baltimore bridge collapse has been refloated
  • Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
  • Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
  • ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
  • Why US Catholics are planning pilgrimages in communities across the nation
  • The Latest
Recommended content
  • Target to lower prices on basic goods in response to inflation
  • Ship that caused Baltimore bridge collapse has been refloated
  • Analysis: Larson enters conversation with Verstappen as best drivers in the world
  • Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
  • The government wants to buy their flood
  • Iran helicopter crash that killed President Raisi could reverberate across the Middle East