The Carbon Credit Trading And Benefit Sharing Bill, 2023
Government Of Kenya
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Abstract: This bill introduces a comprehensive legal framework for carbon credit trading and benefit sharing in Kenya. It proposes the establishment of the Carbon Credit Trading and Benefit Sharing Authority, which will regulate market operations including permit issuance, compliance monitoring, and stakeholder engagement. The legislation requires environmental and social impact assessments, encourages community development agreements, and outlines benefit-sharing structures to ensure local participation and fairness. It integrates Kenya?s climate objectives with global standards to improve transparency and accountability. The bill also addresses dispute resolution mechanisms, penalties for non-compliance, and eligibility criteria for project developers. Through these provisions, the government aims to facilitate responsible investment in carbon projects and ensure equitable distribution of environmental and financial benefits across sectors and communities.