The Climate Change (Carbon Markets) Regulations, 2024

18. Obligations of a project proponent

Edition: 2024-06-07 · In force

18. Obligations of a project proponent

(1)A project proponent shall disclose to the Designated National Authority the relevant carbon project information including—

(a)the project costs;

(b)expected emission reductions or removals at the carbon project application stage;

(c)verified emission reductions and removal and estimated revenues at issuance; and

(d)adherence to all applicable legal requirements in operating carbon projects.

(2)A project proponent who knowingly or willfully fails to provide information under sub-regulation (1) or under-values the estimated revenue commits an offence and shall be liable to the penalty provided under section 33(1A) of the Act.

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Source: Kenya Law