Setting The Stage For Carbon Trading In Kenya

On 18 July 2023, Kenya's Cabinet considered the proposed Climate Change (Amendment) Bill, 2023 which seeks to provide a framework for Kenya's participation in domestic and international carbon markets. This is in pursuance of Kenya's obligations under the Paris Agreement.

Kenya has explicitly expressed its intention to use voluntary cooperation under Article 6 of the Paris Agreement, when applicable. Accordingly, Kenya has committed to developing domestic legislation and institutional frameworks to govern its engagement in the carbon market and non-market mechanisms.

The purpose of the proposed Climate Change (Amendment) Bill, 2023 is to foster:

• development, management, implementation and regulation of mechanisms to enhance climate change resilience and low carbon development for the sustainable development of Kenya;