Kenia

Up to now a forest’s value has been measured mainly in terms of the price of its wood, but the United Nations is currently turning this premise on its head by placing a price on the forest’s capacity to absorb the greenhouse gas carbon dioxide from the atmosphere.

An agroforestry project financed by the World Bank's BioCarbon Fund in western Kenya presented a methodology for soil carbon sequestration through sustainable agricultural land management, which was approved by the Verified Carbon Standard (VCS).

Recently I travelled to the foothills of Mount Kenya to visit the Meru and Nanyuki Community Reforestation Project, so I and a client could meet the communities benefitting from carbon finance and project developer TIST and see the project first hand.

German insurance giant Allianz has invested an undisclosed sum in Wildlife Works Carbon, a US-based developer of projects that reduce emissions from deforestation and forest degradation (REDD).