Deal #10473

The agreement grants access to "millions of hectares" in Kenya for carbon credit production, as part of a broader 24.5 million hectares covered in deals across several African countries (see: https://www.middleeasteye.net/news/uae-kenya-concedes-millions-hectares-firm-carbon-offset-deal) (#o8sd8oOQ). The details of Kenya's case are unknown.

Blue Carbon's investment in Kenya aims to develop carbon offset projects, generating carbon credits for sale in the voluntary market. These credits are intended to offset emissions from major polluters (see: https://www.middleeasteye.net/news/uae-kenya-concedes-millions-hectares-firm-carbon-offset-deal) (#o8sd8oOQ).

Blue Carbon signed a Framework of Collaboration (FOC) with Kenya's State Department of Environment and Climate Change in October 2023, focusing on generating carbon credits under the Paris Agreement's Article 6. The deal promises climate financing and sustainable development but faces scrutiny for lack of transparency and insufficient local community protections (see: https://reddmonitor.substack.com/p/massive-greenwash-alert-blue-carbon) (#p8CjGGHf).