NAIROBI, April 13 (Xinhua) -- Kenya and the World Bank have unveiled a guidebook in order to boost the participation of local enterprises in carbon markets.
Stephen Odua, director of business environment at the Ministry of Investments, Trade and Industry, said the manual provides practical steps for private sector organizations seeking to develop projects that contribute to the avoidance or mitigation of greenhouse gas emissions.
"Kenya has missed out on carbon markets given that many enterprises have a limited understanding of carbon markets, and significant capacity building is needed," Odua said in a statement released on Saturday in Nairobi, the capital of Kenya.
Victor Ogalo, deputy chief executive officer of the Kenya Private Sector Alliance, said participation in carbon markets will enable local companies to support the country's climate change mitigation and adaptation goals.
He noted that the guidebook sets out procedures and rules for enterprises exploring how to quantify and issue certified carbon credits. ■
In unusual push, funders band together to get out grants around election work 'early'
Tale of the state pension underpaid for 20 YEARS: This is Money podcast
Humiliation for Saudi Arabia as it's 'forced to scale back $1.5trillion plans for 106
Your state pension might NOT increase by the full 8.5% this month
How Impax Environmental Markets invests for profit and to improve the planet: INVESTING SHOW
Go on holiday for just £6.40 with the Mail experts' guide to the best bargain trips
In unusual push, funders band together to get out grants around election work 'early'
Benjamin Mendy has bankruptcy case dismissed: Ex
HK$3.5 billion Hong Kong Palace Museum opens after typhoon delay