[NAIROBI] Kenya has announced plans to establish a regional carbon emissions trading scheme to steer Africa's carbon market.
This would hopefully position the country as the continent's carbon credit trade hub, finance minister Uhuru Kenyatta said in his budget speech to parliament earlier this month (10 June).
Kenyatta said a framework for carbon trading — in which polluters buy and sell the right to emit carbon — would be set up to outline how to register to participate in the scheme, how revenue would be shared and how to ensure accountability.
The framework would also describe development areas to be funded by the resources generated from the scheme.
Kenyatta said a carbon credit investment framework would help streamline conservation efforts and alleviate poverty in the country, saying it had the potential to attract billions of Kenyan shillings annually.
The government also allocated 58 billion Kenyan shillings (US$721 million) for environmental conservation in the 2010/11 financial year — a more than 50 per cent rise from the previous year's US$473 million.
Out of this, US$640 million will go to the environment, water and sanitation sectors, in efforts aimed at reversing what many see as Kenya's battered biodiversity systems.
"Efforts must be made through comprehensive environmental conservation to forestall the adverse effects of climate change in order to reverse damages to our scarce arable land, water and biodiversity resources," Kenyatta told parliament.
"The government recognises that the restoration of ecosystems provides the key to reducing poverty, creating employment and improving food security."
Fredrick Njau, of the Nairobi-based Green Belt Movement, told SciDev.Net he believed the trading scheme would improve the livelihoods of communities by generating money in exchange for trees planted.
"This is the first time in the past 30 years that communities are set to benefit from planting trees in this country," he said.
Claudia Ringler, a senior research fellow at the US-based International Food Policy Research Institute, said: "It is certainly laudable that Kenya plans to set up a regional emissions trading scheme for Africa.
"[But] setting up such a system is highly complex and will require a large amount of resources and capacity development. It is not clear if the government has the will or the resources needed to both develop and keep such a system alive.
"Secondly, while a Kenya-based scheme could and should support poor rural smallholder farmers in the country, reaching out to farmers, pastoralists and those in charge of conserving forests will be even more complex, and has yet to be achieved at scale by existing voluntary carbon markets."
Luki Biosphere Reserve. Supported by the Simon Cumbers Media Fund, photojournalist Lar Boland documented the harvest of medicinal plants to create a new business opportunity in DRC.
A worker operating a blister pack machine in one of only two pharmaceutical plants in the Democratic Republic of the Congo.
Workers stripping Moringo leaves at the center where the plants are transported after harvest. They will be processed (dried, ground and extracted), conditioned (packaged, labeled) and stored there.
A range of plant extract for medicinal use
A worker operating a machine in the final stages of producing medicinal tablets.
Tablets in storage.
It has been reported that the ethanolic extract of this herbaceous plant contains flavonoids, saponins, glycosides and tannins (kindayohan/celosia) of potential medicinal value.
Four Ecopreneurs in discussion with Anna Samake, Portfolio Manager with philanthropic group Lundin Foundation.
Support for the Ecopreneur programme has come from local chiefs of the Luki Biosphere Reserve region of DRCongo
Luki Biosphere Reserve is unfortunately in the process of a long term collapse from a species rich haven into a degraded landscape.
A typical village in the Luki Biosphere Reserve of the Democratic Republic of the Congo.
Normally grown for their beautiful flowering, some Heliconia are grown for their roots and seeds for potential medicinal use.
National Botanical Gardens in DRCongo (Jardin Botanoque de Kinshasa).
Luki Biosphere Reserve, DRC.
Women return from a day foraging in the forest. The Congo Basin provides food, water and shelter to 75m people and 150 distinct ethnic groups.