Subject category:
Ethics and Social Responsibility
Published by:
Amity Research Centers
Length: 14 pages
Data source: Published sources
Share a link:
https://casecent.re/p/196095
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Abstract
A carbon credit was regarded as a tradable permit that provided the holder of the credit the permission to emit one ton of carbon dioxide (CO2) or an equivalent of another greenhouse gas (GHG). The carbon credit market had become very essential worldwide mainly curtailing the CO2 in the atmosphere for fulfilling the Paris Agreement. Accordingly, almost all nations across continents had pledged to reduce the GHGs and thus shown their interests in carbon credit market. In this context, Kenya had committed to tackle the climate change crisis with its involvement in carbon offsets, carbon market trading, etc. The country had built its carbon trading framework that comprised of various components including carbon markets, carbon market trading, and participation in carbon markets. Besides, Kenya had introduced the Mikoko Pamoja project, which had become the first-ever blue carbon initiative in the world that sold carbon credits from mangrove conservation activities for community development purpose. However, the carbon credits and carbon market had faced different challenges in Kenya. With this backdrop, would Kenya be able to counter the climate change risk through its entry into the carbon credit market?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Time period
The events covered by this case took place in 2023.Geographical setting
Region:
Africa
Country:
Kenya
About
Abstract
A carbon credit was regarded as a tradable permit that provided the holder of the credit the permission to emit one ton of carbon dioxide (CO2) or an equivalent of another greenhouse gas (GHG). The carbon credit market had become very essential worldwide mainly curtailing the CO2 in the atmosphere for fulfilling the Paris Agreement. Accordingly, almost all nations across continents had pledged to reduce the GHGs and thus shown their interests in carbon credit market. In this context, Kenya had committed to tackle the climate change crisis with its involvement in carbon offsets, carbon market trading, etc. The country had built its carbon trading framework that comprised of various components including carbon markets, carbon market trading, and participation in carbon markets. Besides, Kenya had introduced the Mikoko Pamoja project, which had become the first-ever blue carbon initiative in the world that sold carbon credits from mangrove conservation activities for community development purpose. However, the carbon credits and carbon market had faced different challenges in Kenya. With this backdrop, would Kenya be able to counter the climate change risk through its entry into the carbon credit market?
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in 2023.Geographical setting
Region:
Africa
Country:
Kenya