KenGen appointed to team tasked with developing Kenya’s carbon market

KenGen has been appointed to the Multi-Sectoral Technical Committee (MSTC), a high-level team tasked with shaping Kenya’s carbon market framework.

The three-year appointment, effective November 22, 2024, was announced by the Cabinet Secretary for Environment, Climate Change, and Forestry Aden Duale, through a gazette notice.

The move positions KenGen at the forefront of advancing Africa’s carbon trading future and unlocking new opportunities in the fight against climate change.

KenGen Managing Director Eng. Peter Njenga hailed the appointment as a timely recognition of the company’s contributions to sustainable development.

We are honored to join this climate-positive committee, which will a key role in advancing the climate agenda not just in Kenya but across Africa. KenGen’s extensive experience in renewable energy and carbon credit generation uniquely positions us to provide valuable insights and help shape a robust carbon market framework for Kenya

kengen managing director Eng. peter Njenga.

The NSE-listed company CEO added, “This appointment underscores KenGen’s leadership in clean energy innovation, driving sustainable solutions that power our nation and contribute to global efforts to combat climate change.”

The appointment, made under the Climate Change Act, 2013, and the newly enacted Climate Change (Carbon Markets) Regulations, 2024, establishes a technical structure to oversee the development of carbon projects and facilitate participation in carbon markets.

The initiative is expected to catalyze the growth of Kenya’s carbon economy, paving the way for the country to monetize its climate actions through the sale of carbon credits. KenGen has so far earned a cumulative 6.9 million carbon credits from six Clean Development Mechanism (CDM) projects registered under the United Nations Framework Convention on Climate Change (UNFCCC).

These projects include the Olkaria II Geothermal Expansion, Redevelopment of Tana Hydro Power Station, and Ngong Wind Project, among others. The MSTC is a multidisciplinary body comprising representatives from key government ministries, counties, and agencies. Its primary mandate is to provide technical advice to the Designated National Authority (National Environment Management Authority (NEMA)) on carbon project assessments.

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