Governance levers for ensuring equity and justice in carbon markets in Kenya

Kenya has set itself out as a climate policy leader by developing national carbon market regulations that will guide the development of carbon markets under both the Paris Agreement’s Article 6 trading and Voluntary Carbon Markets. This report highlights four levers for good governance: recognising resource inequalities, crowding in capital, addressing the underlying drivers of poverty and vulnerability, and building capacity of carbon market stakeholders. Implementing these four levers of good governance will ensure that carbon markets generate justice and equity outcomes particularly for local communities whose contribution to the carbon markets is the greatest.