Kenya Wants to Take a Minimum of 15% of Carbon Credit Income
- Developers expected to also share earnings with community
- Existing projects include conservation of mangrove forests
Mangrove seedlings planted as part of a conservation project by the Sabaki river, in Malindi, Kenya.
Photographer: Simon Maina/AFP/Getty Images
Kenya’s government proposes to take at least 15% of earnings from terrestrial emissions offset projects in public areas and a minimum 25% from ocean-based initiatives.
Project developers will also be required to share earnings with host communities to ensure that they benefit, according to draft regulations published on the environment ministry’s website. Land-based community projects will cede at least 40% of aggregate earnings of the previous year, it said.