Climate Change Act

23B. Trade in carbon markets

Edition: 2023-09-15 · In force

23B. Trade in carbon markets

The trade in carbon market shall ensure that—

(a)transactions in carbon trading as carried out under this Act aim towards a reduction of greenhouse gas emissions as per the prescribed carbon standards;

(b)mitigation outcomes reported under the requirements of this Act shall be accounted for in tonnes of carbon dioxide equivalent;

(c)carbon offset projects emissions are kept out of the atmosphere for a reasonable length of time in accordance with the relevant carbon standards; and

(d)emission reductions are carefully recorded and documented for every offset scheme, utilizing appropriate accounting terms, corresponding adjustments, and location of offset as required by the United Nations Framework Convention on Climate Change and other standard bodies.

[Act No. 9 of 2023, s. 12.]

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Source: Kenya Law