Carbon credit trade is a worldwide Kyoto protocol enterprise established to alleviate the release of greenhouse gases to the atmosphere and make it financially unappealing. It offers monetary payments to organisations that decrease the release of greenhouse gases. A carbon credit is a license permitting an organisation to release one metric ton of carbon dioxide equivalent gases, which may be merchandised if not exhausted. The study explored the impact of carbon credit trade management and community livelihood improvement in Taita Taveta County, Kenya. Propensity score matching was applied to analyse data from the Kasigau Corridor REDD+ Carbon credit communities. Results revealed that the carbon project had quantifiable financial worth in community living enhancement, by 13.3% and 13.2% respectively based on nearest neighbour and kernel matching. Seventy-five (75) million Kenya shillings in carbon revenue had been invested in community improvement programmes. The scheme was efficient in forest cover enhancement whereby 15,296,463 metric tons of carbon dioxide equivalent was sequestrated over the 2010-2019 period and 190,110 tree seedlings were planted. The study concluded that carbon credit is viable in climate change mitigation and promotion of community livelihood improvement.
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Publication reference
Catherine Ndung’u, Maurice Juma Ogada, Shadrack Mwakio (2022). Carbon Credit Trade Management and Community Livelihood Improvement in Taita Taveta County. African Journal of Mining, Entrepreneurship and Natural Resource Management (AJMENRM) , Vol.1(3). pg. 190-203