Carbon Credits Trading: A New Frontier In Climate Change
Journal of Conflict Management and Sustainable Development
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Abstract: This academic analysis explores carbon credits trading as an environmental finance mechanism in Kenya and globally. Carbon markets are presented as tools for sustainable development, encouraging reduced emissions and monetization of mitigation actions. The paper explains credit types, trading frameworks, and compares voluntary and compliance markets. It assesses Kenya?s regulatory environment including the 2023 Climate Change (Amendment) Act and National Carbon Registry. The paper examines emissions audits, project approval systems, and benefit-sharing mechanisms. International comparisons include the EU ETS, AirCarbon Exchange, and Clean Development Mechanism. The study advocates policy refinement around trading offences, double counting, baseline validation, and credit pricing. Recommendations include improving contract design, project eligibility, legal safeguards, and arbitration. It positions Kenya as a regional carbon finance leader and urges coordinated efforts across civil society, private sector, and government.