Kenya to Regulate Carbon Trade as Nations Seek More Benefits
- Bill opened up for public comment before going to parliament
- Zimbabwe this week decreed 50% of proceeds must go to state
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Kenya is taking steps to regulate the trade in carbon credits from projects in the country, in a bid to boost benefits for the state and give the communities that host activities that generate the emissions offsets a quarter of the profit.
The East African nation will start a public-participation process on May 24 to collect views that will be included in a draft legislation for parliament to consider, according to documents issued by the environment ministry. Under the proposals, communities would get 25% of the profit from the programs.