A Carbon Market Guidebook for Kenyan Enterprises

doi:https://doi.org/10.1596/41384

Publication:
A Carbon Market Guidebook for Kenyan Enterprises

dc.contributor.author	World Bank
dc.contributor.author	Kenya Private Sector Alliance
dc.date.accessioned	2024-04-05T20:51:13Z
dc.date.available	2024-04-05T20:51:13Z
dc.date.issued	2024-04-05
dc.description.abstract	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.	en
dc.identifier	http://documents.worldbank.org/curated/en/099040424053541073/P1796801e6f92d053187b01916665fc998d
dc.identifier.doi	10.1596/41384
dc.identifier.uri	https://hdl.handle.net/10986/41384
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	CLIMATE CHANGE
dc.subject	ENVIRONMENT AND NATURAL RESOURCE MANAGEMENT
dc.subject	PUBLIC EXPENDITURE MANAGEMENT
dc.subject	CARBON MARKET
dc.title	A Carbon Market Guidebook for Kenyan Enterprises	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	A Carbon Market Guidebook for Kenyan Enterprises
okr.date.disclosure	2024-04-05
okr.date.lastmodified	2024-04-04T00:00:00Z	en
okr.doctype	Report
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099040424053541073/P1796801e6f92d053187b01916665fc998d
okr.guid	099040424053541073
okr.identifier.docmid	P179680-e6f92d1c-7e93-4553-87b0-916665fc998d
okr.identifier.doi	https://doi.org/10.1596/41384
okr.identifier.externaldocumentum	34295591
okr.identifier.internaldocumentum	34295591
okr.identifier.report	188868
okr.import.id	3824
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099040424053541073/pdf/P1796801e6f92d053187b01916665fc998d.pdf	en
okr.region.administrative	EASTERN AND SOUTHERN AFRICA
okr.region.country	Kenya
okr.sector	Central Government (Central Agencies)
okr.theme	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
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Private Sector Development::Small and Medium Size Enterprises
okr.topic	Public Sector Development::Climate Change Policy and Regulation
okr.unit	EFI-AFR1-GOV-FM & PS-1 (EAEG1)