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2008
12.17

Carbon Trade Market in Kenya

Category: Commodities, Economics, Real Estate / Tag: Africa, Agricultural, Business opportunities, Carbon Cycle, Carbon dioxide, Carbon Management, Carbon offset, Environment, Kenya, Land Use, Nairobi, New Trade, Renewable energy, Tonne / Add Comment

: Image by didbygraham via Flickr

Carbon offset trade is a financial tool used by businesses to compensate for the amount of carbon dioxide that they emit during their operations.

Most carbon offsets are bought from providers who ensure that the carbon emitted by their clients meets a similar carbon sink mostly through afforestation or mitigative measures like utilising renewable energy and changes in land use.

Entities looking to enter the trade are the African Conservation Trust, and the Green Belt Movement among others.

According to the World Bank’s Carbon Finance Unit, about $5.5 billion of carbon offsets were purchased in the compliance market in 2006, representing about 1.6 billion metric tons of carbon dioxide reduction.

[Source]