Kenya Launches National Strategy for Carbon Markets

Kenya has adopted a National Carbon Markets Strategy to govern the generation, verification, and sale of carbon credits. The policy, launched in February 2024, establishes a registry under NEMA and sets standards for forestry, renewable energy, and soil carbon projects. It ensures 20% of revenue goes to local communities and mandates transparency in pricing. Over 50 projects, including Aberdare reforestation and Lake Turkana wind, are in the pipeline. The strategy positions Kenya to capture a share of the $2 billion African voluntary carbon market. The World Bank will support capacity building for county-level implementation.