• Ng’eno has pointed out that beyond economics, carbon markets provide a way to reimagine development, where environmental sustainability and economic prosperity coexist.

Carbon markets are avenues that guarantee both environmental sustainability and economic prosperity. They are systems that allow companies to buy and sell permits for carbon dioxide emissions, aiming to reduce greenhouse gas emissions by putting a price on carbon.

During a meeting with carbon project developers, the Principal Secretary in the State Department of Environment & Climate Change Festus Ng’eno has stated that the Ministry of Environment, Climate Change and Forestry is committed to creating an enabling environment for carbon project development—one that is predictable, fair, and aligned with national priorities as well as international provisions and obligations.

Furthermore, PS Ng’eno has highlighted that carbon markets are a cornerstone of low-carbon and climate-resilient development.

“Carbon markets offer a mechanism through which we can channel climate finance, incentivize sustainable practices, and unlock new streams of revenue for communities, businesses, and government,” he said.

Ng’eno has pointed out that beyond economics, carbon markets provide a way to reimagine development, where environmental sustainability and economic prosperity coexist.

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“We have worked closely with all stakeholders to develop and refine our policies, streamline regulatory processes, and ensure Kenya remains a leader in carbon markets,” he added.

The PS emphasized the importance of integrity, transparency, and inclusivity in all carbon market engagements, noting that the credibility of the national carbon market framework and the trust of the people depend on it.

“We must ensure that the processes are clear and transparent and that the benefits of carbon projects reach the grassroots, supporting livelihoods, enhancing biodiversity, and strengthening local resilience,” he said.