Changes in carbon market rules threaten Kenya's Sh80b revenue

A carbon credit is a tradable certificate representing the removal or prevention of one metric ton of carbon dioxide or equivalent greenhouse gases from the atmosphere.[ File, Standard]

Kenya is at risk of losing billions of shillings in climate financing through carbon credit funding as global buyers seek to raise the bar and move away from low-quality carbon offsets. The shift has been triggered in part by Microsoft, the world's largest corporate buyer of carbon credits, which is tightening its standards and demanding more credible, transparent projects.

This change could shut out projects that fail to meet stricter verification requirements, locking them out of the most valuable opportunities in the global carbon market.