Kenya expects $2bn from climate project


  1. John A. Afful, AfricaNews reporter in Takoradi, Ghana
    Kenya is on the move to launch a climate exchange platform which could earn the country close to $2bn (£1.2bn) a year, for the first time on the African continent. This project will facilitate the trading of carbon credits and help tackle climate change.
    Global warming, climate change to bite the poor hard
    Kenya's government estimates that its largest forest, the Mau, has the potential to earn the country close to $2bn (£1.2bn) a year over the next 15 years and expects that the exchange will also enable all African countries to sell their carbon credits.

    One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide-equivalent gases.

    According to the BBC, officials hope the trade in carbon credits will open up investment in the generation of renewable energy and forestry projects.

    The estimated value for the project would need a certification from the United Nations Framework Convention on Climate Change.

    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.


Reactions

  1. Image of Mwihaki Mithamo

    Alice Mithamo
    4 berichten
    Lid sinds October 2008


    There are various reasons why Kenya is unlikely to attain its target. First, the Mau forest that is cited in this report, is a sorry state of what it used to be. Specifically, human encroachment has taken up a large percentage of the forest land. Second, and even more disturbing, is the fact that there seems to be a lack of political goodwill to prevent the destruction of forests (Mau included) in Kenya. Although the earnings would do the Kenyan economy some good, I think the fact that Mau forest is Kenya's water tower is even more important. I therefore think that the Kenyan government should embark on restoring the Mau, not because of the income-earning potential it would have, but because Kenyans need the Mau as a source of water. After all, I do not think Africa should clean the mess created by polluters in the West and Asia.


  2. Image of ColletteRomano91


    127 berichten
    Lid sinds November 2012


    I would like to thank you for the efforts you've put in writing this website. I'm hoping the same high-grade web site post from you in the upcoming also. Actually your creative writing skills has encouraged me to get my own site now. Actually the blogging is spreading its wings fast. Your write up is a great example of it. vigrx plus Its such as you learn my thoughts! You appear to grasp a lot about this, such as you wrote the ebook in it or something. I feel that you just can do with a few p.c. to power the message home a little bit, but instead of that, that is magnificent blog. An excellent read. I will certainly be back.


  3. Image of PatRatermann37


    138 berichten
    Lid sinds November 2012


    Some truly fantastic articles on this internet site, regards for contribution. vigrx I just couldn't depart your web site before suggesting that I actually loved the usual info an individual provide on your guests? Is gonna be again regularly to investigate cross-check new posts.


  4. Image of randyjames


    260 berichten
    Lid sinds October 2012


    Hello there, I discovered your web site via Google even as looking for a related matter, your web site came up, it appears great. I've bookmarked it in my google bookmarks. vimax pills You got a very excellent website, Gladiola I discovered it through yahoo.


  5. Image of GinoSkrip100


    151 berichten
    Lid sinds November 2012


    That is really attention-grabbing, You're a very skilled blogger. I've joined your rss feed and stay up for seeking extra of your fantastic post. Additionally, I've shared your web site in my social networks! vigrx plus Good site! I truly love how it is simple on my eyes and the data are well written. I'm wondering how I could be notified when a new post has been made. I've subscribed to your RSS which must do the trick! Have a great day!


  6. Image of GinoSkrip100


    151 berichten
    Lid sinds November 2012


    Keep up the fantastic piece of work, I read few articles on this web site and I conceive that your website is really interesting and contains sets of great information. rhino male enhancement Hello, you used to write magnificent, but the last several posts have been kinda boring… I miss your great writings. Past several posts are just a bit out of track! come on!


  7. Image of TaylorAbramek18


    133 berichten
    Lid sinds November 2012


    Very interesting subject, appreciate it for putting up. via steel male enhancement You could certainly see your skills within the work you write. The world hopes for even more passionate writers such as you who are not afraid to say how they believe. At all times follow your heart.


  8. Image of OmarAllain100


    146 berichten
    Lid sinds February 2013


    We still cannot quite think that I could end up being one of those reading through the important ideas found on your blog. My family and I are seriously thankful on your generosity and for presenting me the advantage|opportunity|possibility|potentialthe chance to pursue our chosen profession path. Many thanks for the important information I managed to get from your blog. male enhancement review Wow, awesome weblog structure! How lengthy have you ever been running a blog for? you made running a blog look easy. The entire look of your website is wonderful, as smartly|well|neatly as the content material!



Latest News

  1. Ailing Algerian president appears on TV13/06Algeria's ailing President Abdelaziz Bouteflika has made a rare tele…
  2. Nelson Mandela: South Africa welcomes…13/06South Africa's government is pleased that ex-President Nelson Mandel…
  3. The mobile banking game-changer in Ethiopia13/06New regulations will bring m-banking to Ethiopian consumers, but limits o…
  4. AfDB Governors Announce Bank’s Return to…13/06The Boards of Governors of the African Development Bank (AfDB) (http://ww…
  5. Ghana ex-airport official Adelaquaye faces US …05/06The ex-security chief at Ghana's international airport has been char…
  6. Kenya: Free Maternity must reduce deaths.05/06Although Kenya has budgeted Sh8 billion for free maternity and prenatal c…
  7. Uganda's Daily Monitor reopens after poli…30/05Uganda's Daily Monitor newspaper has reopened after being shut down …
  8. Angolan Independents Make One Million30/05Angola's private indigenous companies (homegrown independents) produ…
News archive