More than a dozen companies, including some from Saudi Arabia, will bid on more than 2 million tonnes of carbon credits on Wednesday when the Kenyan capital hosts what organisers have billed as the world's largest sale of its kind.
The auction in Nairobi will be conducted by the Regional Voluntary Carbon Market Company , which was founded by the Saudi Public Investment Fund and Saudi Tawadul Group.
"This includes the supply of improved clean cookstoves to communities in Kenya and Rwanda and renewable energy projects in Egypt and South Africa," it said. RVCMC held its first auction in Riyadh last October, where 1.4 million tonnes of carbon credits were sold.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine war: Why Kenya is now playing both sides - The Africa Report.comWith the Russia-Ukraine war showing no sign of ending, Kenya has adopted what political analysts refer to as “strategic ambiguity” to please the two protagonists and ensure the country benefits from both sides. Will the new approach succeed?
Read more »
Kenya: Principal Secretaries Warned Against Corruption in MinistriesThe Head of Public service and Chief of Staff in the office of President Felix Kosgei has warned Principal Secretaries against corruption, instead urging them to spearhead efforts that curb the vice.
Read more »
Kenya: President Ruto Bows to Pressure, Slashes Housing Levy By HalfPresident William Ruto on Monday succumbed to pressure and slashed the Housing Fund levy by half, from the current three percent to 1.5 percent.
Read more »
Kenya's First Budget Under Ruto - Three Experts Review Its Key PointsAnalysis - President William Ruto's first budget comes to the national assembly on 15 June against the backdrop of massive public debt and public disquiet over high inflation. The KSh3.663 trillion (US$26.35 billion) plan sets out priority areas of an administration that campaigned on the platform of empowering the informal sector. Many of the budgetary measures meant to support economic recovery and promote inclusive growth have caused a public uproar amid high prices of basic commodities. Finance scholar Odongo Kod
Read more »
Kenya: 65 People Rescued From Shakahola Forest Arraigned in Court for Attempted Suicide By StarvationSixty-five people rescued from the Shakahola Forest were on Monday arraigned in court for attempting to kill themselves through starvation.
Read more »