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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
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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.
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