Nairobi, Feb. 18 -- Kenya's first $832.76 million (Sh107.3 billion) green fertiliser project targets to sell carbon credits in the lucrative compliance market by removing carbon dioxide from the atmosphere.

A compliance market is a government-regulated scheme for trading carbon credits-permits that allow owners to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one tonne of carbon dioxide or the equivalent in other greenhouse gases.

A regulatory filing on the green fertiliser project and its associated geothermal power plant shows that the project will help Kenya avoid about 600,000 tonnes of carbon dioxide equivalent annually. The project backers said this is comparable to removing ...