CYNK trades more than 2 million credits from Kenya’s Tamuwa African nations push for more involvement in carbon markets
Africa’s first verifiable emissions reduction platform has begun operations with a carbon futures transaction of more than two million credits, a record for offsets issued on the continent.
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Nairobi-based CYNK traded the credits, which will be produced by Tamuwa, Kenya’s largest biomass company, it said in a response to questions. Tamuwa’s credits are verified by Gold Standard.
Source: Bloomberg
