Report

Carbon Credits & Renewable Energy Certificates in Kenya: Regulation, Ownership, Bankability & Deal Structuring

Kenya is now Africa's most regulated carbon jurisdiction — and that is both the opportunity and the risk. With over 52 million credits issued, a National Carbon Registry live since February 2026, and statutory community benefit-sharing of 40/25 per cent, the framework is built — but the 2025–26 rulings on consent, tax and Article 6 of the Paris Agreement are drawing the market's real boundaries.

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6/12/2026
Report
Carbon Credits & Renewable Energy Certificates in Kenya: Regulation, Ownership, Bankability & Deal Structuring
This briefing maps the Climate Change (Amendment) Act 2023, the Carbon Markets Regulations 2024, Article 6 and the I-REC(E) regime, alongside the cases reshaping practice, from Osman v NRT to the Wildlife Works tax appeal to KOKO Networks. It then converts the framework into deal terms: who owns the carbon, where attribute value leaks from PPAs, offtakes and leases, the price premium an authorised tonne commands over its unauthorised twin, what makes green revenue bankable, and the diligence required before signature.

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