State Department for Forestry Principal Secretary (PS) of Kenya Ephantus Kimotho on Thursday officially opened REDD+ Nesting Guidelines in Nairobi.
The PS said that the REDD+ Guidelines and methodology will help the Government unlock funding streams, especially in the carbon credits markets.
He said the Ministry is partnering with stakeholders to explore benefit-sharing mechanisms in the Carbon markets.
REDD+ projects to date have been implemented as project-scale activities, verified under independent standards, and selling on voluntary Carbon Markets.
The Government of Kenya has supported the concept of nesting of the REDD +activities to support the continuation of the existing projects and encourage further Carbon Finance mobilization from local and international source markets.©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.