Global warming and the role carbon emissions have in increasing the CO2 levels within the earth has over the years sparked off great debate. The UN has taken the lead role in trying to tackle this global problem and their noble efforts have however, lead to further debate about slowing down economic growth rates of industrialized countries as well as hindering developing countries to become more industrialized and compete with the rest of the world (in a nutshell).


This has resulted in the creation of an economic carbon market that would see countries and corporations cap their emissions (in legally binding contracts) and buy carbon credit points from countries (both developed and developing) and private institutions that use alternative sources of energy (“clean energy”) if there was a breach in contract by exceeding CO2 emission limits.


On March 24th 2011 the African Carbon Exchange launched a carbon trading facility at Fairview Hotel in Nairobi and the government through the ministry of finance has started plans to launch the Nairobi Climate Exchange after numerous enquiries about carbon credit projects being undertaken in the country.


Global institutions such as HSBC, JP Morgan, World Bank’s Bio Carbon Fund and German Development and Investment bank KfW and various foreign based institutions are planning to set up shop in the country. The IFC has a new fund set up to cover a financing gap arising from the EU’s decision to stop buying carbon credits from developing countries beginning next year and companies such as Kengen have already applied to the U.N for CERs (certified emission reductions) or carbon credit points for some of their energy projects. (Link on potential impact of carbon credit points earned by the company is below)

It should be noted that projects such as afforestation and reafforestation also have the ability to gain CERs and are not only limited to the government and can be done by individuals.

In the spirit of Wazua, I wanted to start the thread so as to get opinions and more importantly share information as this opportunity looks like a potential economic earner for the country. The floor is open………

Cheers @the-struggle-continua. Let's have a looksie.

The above r only calculations on KGN's Geothermal and don't include further C.Credit potential sales from wind sources.

And just to do the math if 35 MW = 300 mil, 500 MW = Kshs 4,285,714,000. Looks like an awful lot of money (kind of unbelievable) unless this is strung out for many many years. What do you say?

Kindly respond to this question first. At this point I will even drop the issue of irrefutable. Let's just say reasonable basis - other than BD's reporting?