Wednesday, May 5th, 2010 | written by Paul Mwaura
PM Raila Odinga - of Kenya
Kenyan Prime Minister Raila Odinga has said the
countryis keen to partner with investment bankers to
promote trading in carbon markets and ensure the
rehabilitation of the Mau and other threatened forests
in the country. “ We see opportunities in the evolving
carbon markets as negotiations continue under the UN
Framework Convention on Climate Change that
established the Reducing Emissions from forest
Destruction and Degradation (REDD) plus initiative” he said.
countryis keen to partner with investment bankers to
promote trading in carbon markets and ensure the
rehabilitation of the Mau and other threatened forests
in the country. “ We see opportunities in the evolving
carbon markets as negotiations continue under the UN
Framework Convention on Climate Change that
established the Reducing Emissions from forest
Destruction and Degradation (REDD) plus initiative” he said.
The Premier will be visiting Norway, in three weeks time to push for a fair share
of the US$ 30 billion under the REDD plus project and help boost carbon trade in
Kenya. The REDD plus initiative was mooted last year during the Global conference
on Climate Change held in Copenhagen to help the developing countries mitigate
the effects of climate change towards the reduction of the level of green house
emissions.
of the US$ 30 billion under the REDD plus project and help boost carbon trade in
Kenya. The REDD plus initiative was mooted last year during the Global conference
on Climate Change held in Copenhagen to help the developing countries mitigate
the effects of climate change towards the reduction of the level of green house
emissions.
In a conference held at the UN EP headquarters in Nairobi last month the
government committed itself to support the restoration programmes but
the financial implications had outstretched the national budgetary allocations.
The government has opened talks with other Carbon trading countries to
embark on forestry development programmes, toward mitigating the effects
of climate change. He said efforts to meet challenges of Climate Change were
geared to stem carbon emissions and shifting to green energy production to
reduce the vagaries of Global warming towards a sustainable development.
government committed itself to support the restoration programmes but
the financial implications had outstretched the national budgetary allocations.
The government has opened talks with other Carbon trading countries to
embark on forestry development programmes, toward mitigating the effects
of climate change. He said efforts to meet challenges of Climate Change were
geared to stem carbon emissions and shifting to green energy production to
reduce the vagaries of Global warming towards a sustainable development.
Report Courtesy of http://www.newstimeafrica.com
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