Voluntary carbon markets have contracted for the first time in at least seven years. This decline can be attributed to several factors, including companies like Nestle and Gucci reducing their carbon credit purchases, as well as studies revealing that some forest protection projects did not achieve the promised emissions reductions. Preserving forests is vital for...Read More

President William Ruto has signed the Climate Change (Amendment) Bill 2023 into law, paving the way for the regulation of carbon markets in Kenya. This new law will enhance Kenya’s capacity to mobilize resources for climate resilience initiatives. It aligns Kenya with countries like South Africa, India, Indonesia, and Vietnam in establishing domestic carbon trading...Read More