The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse emissions. The announcement came as concentrations of such gases reached the highest levels seen in 800,000 years. Kenya, which is aiming to achieve a green energy system by 2030, has sponsored its own Carbon Credit Trading and Benefit Sharing Bill, proposed by Laisamis MP Joseph Lekuton. The proposed law aims to regulate Kenya’s carbon credits trading, protect local communities from exploitation, promote climate mitigation and adaptation, and involve women, youth and indigenous groups in low-carbon transition. It will also ensure strict compliance with clean energy standards.
ICE is preparing to introduce a futures market for carbon credits under CORSIA, which will focus on reducing airline emissions.
Intercontinental Exchange (ICE) announced plans to launch a physically delivered futures contract for carbon credits eligible for use by the...