cover image: A Carbon Market Guidebook for Kenyan Enterprises (English)


A Carbon Market Guidebook for Kenyan Enterprises (English)

4 Apr 2024

Enterprises in Kenya encompass a diverse and dynamic landscape, representing a crucial driver of economic growth and employment opportunities in the country. Small and medium-sized enterprises (SMEs) play a pivotal role, contributing significantly to the nation's gross domestic product (GDP) and accounting for 90 percent of the labor force. Enterprises must scale their climate action to meet Kenya's climate mitigation and adaptation goals. However, the lack of funding has limited their contribution to the climate agenda. Debt constitutes most of enterprises' funding, but the price of debt remains very high and loan tenors are short. The availability of patient capital, including private equity, is also low. Carbon markets can be an important vehicle to support an enterprise's climate action. Crucially, carbon markets function as a source of non-debt, results-based financing that does not require prior assets or collateral, potentially enabling enterprises in Kenya that struggle to access other sources of climate finance to grow. Despite this potential and the government of Kenya's commitment to scale carbon markets, Kenya's participation in international carbon markets remains concentrated, with most credits issued by a handful of developers. Many enterprises also have limited understanding on how they should develop and monetize carbon credits. The purpose of this guidebook is therefore to provide practical step-by-step guidance to help enterprises navigate the complex and fast-evolving landscape of carbon markets.
kenya enterprise surveys small and medium-sized enterprises and jobs governance in public sector central government central agencies eastern and southern africa


Khan,Isfandyar Zaman, Mok,Rachel Chi Kiu, Belenky,Lucas Gregory, Ang,Swee Ee, Crist,Jeannie, Elizabeth Kibaki-Obiero, Osman Mohammed,Hisham Mohammed Salih

Disclosure Date
Disclosure Status
Doc Name
A Carbon Market Guidebook for Kenyan Enterprises
Product Line
Advisory Services & Analytics
Published in
United States of America
Rel Proj ID
KE-Kenya Governance And Green Economy Support Programmatic Asa -- P179680
Central Government (Central Agencies)
TF No/Name
TF0B9416-Kenya Governance Support Program,TF0C1136-Kenya: Beneficial Ownership Transparency,TF0C1190-Kenya Climate Support facility - Mainstreaming Climate Change Agenda
Public Expenditure Management,Mitigation,Job Creation,Economic Policy,State-owned Enterprise Reform and Privatization,Public Finance Management,Fiscal Policy,Environment and Natural Resource Management,Private Sector Development,Domestic Revenue Administration,Public Sector Management,E-Government, incl. e-services,Climate change,Jobs,Adaptation,Transparency, Accountability and Good Governance,Administrative and Civil Service Reform,Public Expenditure Policy,Public Administration,Debt Management,Public Private Partnerships
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