(CP-Africa) – The BBC recently reported that Kenya is set to launch the continent’s first carbon exchange. The exchange will enable countries in Africa to be able to sell their carbon credits. The BBC’s Kevin Mwachiro in Nairobi says “officials hope the trade in carbon credits will open up investment in the generation of renewable energy and forestry projects.” Shoutout to Stuff Nigerians Love/Hate for the story alert!
(BBC) – Kenya is to launch a climate exchange platform to facilitate the trading of carbon credits and help tackle climate change.
The market will be the first of its kind in Africa, enabling all African countries to sell their carbon credits.
The exchange is expected to be open for business by the middle of next year.
Carbon dioxide is one of the main gases causing climate change, scientists say, and such exchanges are one way to offset carbon emissions.
Polluting industries in rich countries pay for clean development projects in poor countries.
Some forecasts warn that Africa will be badly affected by climate change, even though most of the greenhouse gases which cause it are produced in the West and Asia…[continue reading]