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Power producer KenGen earned Sh57 million from the sale of carbon credits in the year to June this year.
Managing Director Rebecca Miano said while the firm would continue participating in the emissions trading system, earnings are likely to remain subdued by the sub-sector’s prevailing trading framework and a slowdown in the global momentum. The carbon trading system is aimed at reducing pollution by penalising polluters and at the same time enabling companies or countries to earn from their environmentally friendly projects.
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