Kenya, World Bank unveil carbon market guidebook for enterprises
Time:2024-05-21 12:29:23 Source:entertainmentViews(143)
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. ■
You may also like
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Red Sox LF Tyler O'Neill leaves game against Guardians after collision with teammate
- 1 killed, 11 more people hurt in shooting in New Orleans
- Secrets for the epic achievements in the new era
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Innovative greening manifests China's environmental preservation drive
- Biden, Trump trade barbs during visits to swing state Georgia, U.S.
- Thailand to waive visa requirements for Chinese nationals
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed