Nairobi, July 7 -- Within the next eight months, Kenyans will be able to buy and sell carbon credits in a centralised marketplace, should plans to establish a carbon exchange by the end of the first quarter of 2027 be realised.

A carbon credit is a certificate that allows an organisation to buy and sell the rights to emit greenhouse gases, meaning that entities that reduce their emissions can sell their credits to those that have exceeded their prescribed limits.

Read: Carbon markets paradox and Kenya's climate action reality

The Nairobi International Financial Centre (NIFC), the Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE) have set the end of March 2027 as the deadline for setting up and commencing operati...