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Kenya plans to create an emission trading scheme

Kenya, which aims to achieve net-zero emissions by 2050, plans to establish an emission trading scheme (ETS) that would allow companies sell and buy allowances. To do so, the country will soon create a national carbon credits and green assets registry. In addition, the authorities intend to set up the Kenya Green Investment Bank to finance projects in areas such in renewable energy, energy efficiency, green transport and waste-water treatment.

In December 2020, Kenya submitted an updated NDC, which sets the target of a 32% emission below business as usual (BAU) levels by 2030. The actual target will depend on international support in the form of finance, investment, technology development and transfer, and capacity building.

Kenya’s CO2 emissions from energy combustion increased on average by around 5%/year between 2000 to 2016 and have remained largely stable since then.

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