Join the carbon trade, Kenyans urged


Published on 27/01/2009

By Peter Orengo

Kenyans have been urged embrace carbon trading business.

They can do so through investing in projects that emit less or zero greenhouse gasses, otherwise called Clean Development Mechanism (CDM) projects.

A delegation from Britain’s Department of Energy and Climate Change and private company representatives are in Kenya to recruit and educate companies and individuals willing to trade in CDM.

British High Commissioner to Kenya, Mr Rob Macaire said though climate change was a threat to mankind’s existence, it still offers a great opportunity to uplift people’s lives.

"As we encourage donors to commit more to help people facing famine brought about partly by climatic change, we are encouraging a sustained effort," said Macaire.

During a workshop in Nairobi on Monday organised by British High Commission and the National Environmental Management Authority, stakeholders and businessmen were taken through the process of engaging in CDM projects.

The participants heard there were few projects in sub-Saharan Africa with potential in energy efficiency, waste, and renewable energy options if one wanted to trade in CDM.

Carbon trading is an arrangement under the Kyoto Protocol, which allows countries with greenhouse gas reduction to commit by investing in projects that reduce emissions.

 

 

 

 

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