Carbon Credit Schemes and Indigenous Peoples in Kenya: A Commentary

Arizona Journal of International and Comparative Law

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Abstract: Governments, industry, and private individuals are increasingly using carbon credit schemes to offset the damaging carbon emissions they generate. This trend is likely to project upwards if an attractive carbon price is agreed to as a necessary and effective measure to tackle the climate change challenge. At the recently concluded United Nations (U.N.) Secretary Generalâ??s Climate Summit, there was agreement that: mobilizing finance for climate action is a priority, and a robust price on carbon is one of the most effective strategies to unlock private investment. A strong price signal in all major economiesâ??in the form of emissions trading systems, carbon taxes or other mechanismsâ??will direct financial flows away from fossil fuels and advance the growing global market for energy efficiency and clean energy.