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Kenya Utility Joins Global Emissions Project, Plans Carbon Trade

  • KenGen commits to emissions reduction under UN-backed project
  • Company, government may begin domestic carbon market this year

Kenya Electricity Generating Co., Africa’s largest geothermal producer, joined a United Nations-backed emissions-reduction program as it looks to begin a domestic carbon market.

KenGen, as the state-run company is known, announced its participation in the Business Ambition for 1.5°C program on Wednesday. Under the project, the company commits to emission-reduction targets through investments in green and clean energy to help combat global warming, as per the 2015 Paris Agreement guidelines.