NAIROBI, Kenya- Kenya Electricity Generating Company PLC (KenGen) has been tapped to spearhead Kenya’s carbon market development, marking a significant step in the nation’s climate action strategy.
The company’s three-year appointment to the Multi-Sectoral Technical Committee (MSTC) was announced by Environment Cabinet Secretary Aden Duale in a gazette notice effective November 22, 2024.
This move places KenGen at the forefront of Kenya’s efforts to build a robust framework for carbon trading, leveraging its renewable energy expertise to guide the country into global carbon markets.
The MSTC is a multidisciplinary advisory body comprising representatives from key ministries, counties, and agencies.
It offers technical guidance to the Designated National Authority, the National Environment Management Authority (NEMA), for evaluating carbon project proposals.
This initiative stems from the Climate Change Act, 2013, and the recently enacted Climate Change (Carbon Markets) Regulations, 2024, which aim to establish a comprehensive system for monitoring carbon projects and enabling Kenya’s active participation in global carbon trading platforms.
By monetizing climate-positive actions through the sale of carbon credits, the framework is expected to bolster Kenya’s climate resilience and drive sustainable development.
KenGen Managing Director Peter Njenga expressed pride in the company’s appointment to the MSTC, emphasizing its potential impact on Kenya and Africa’s climate goals.
“We are honored to join this climate-positive committee, which will play a key role in advancing the climate agenda not just in Kenya but across Africa,” he said.
This initiative aligns with global efforts to combat climate change while creating economic opportunities for nations like Kenya, which have untapped potential in carbon credit trading.
