KWS now eyes race for carbon credits billions
Carbon credits permits allow owners to emit carbon dioxide...
✨ Key Highlights
The Kenya Wildlife Service (KWS) is venturing into the carbon credits market, aiming to secure a new revenue stream and diversify funding away from traditional tourism.
- KWS is recruiting an expert to guide the development of a carbon project.
- Carbon credits allow for the emission of one tonne of carbon dioxide or equivalent greenhouse gas per credit.
- This move comes amidst Kenya's growing involvement in the carbon market, including a recent disagreement between the State and Koko Networks over Article 6 permits, and plans by the Kenya Electricity Generating Company (KenGen) for a $832.76 million (Sh107.3 billion) green fertiliser project also targeting carbon credit sales.
Continue Reading
Read the complete article from Nation Business
Part of the Day's Coverage
MoE and TSC Request Billions in Funding as KWS Ventures into Carbon Credit Market - February 2026
The Ministry of Education (MoE) is requesting an additional Sh30 billion for the 2026/27 financial year to support crucial reforms and increasing operational costs. Similarly, the Teachers Service Commission (TSC) is requesting an additional Sh36 billion for its 2026/27 budget. This funding is needed to facilitate expedited teacher recruitment and fulfill salary commitments stipulated in the current collective bargaining agreement. In a separate effort to raise funds, the Kenya Wildlife Service (KWS) is venturing into the carbon credits market. KWS aims to secure this new revenue stream to diversify its funding. This move is intended to reduce its reliance on traditional tourism.
