Environmental Carbon
Credit Enterprise (2007)
AFRICA ASIA CLIMATE EXCHANGE (AACX)
About us
Environmental Carbon Credit Enterprise (ECCE), a beacon of environmental stewardship and innovation, born amidst the urgency of climate action in 2007. At the forefront of the green revolution, ECCE stands as a pioneering force in carbon trading, carbon sequestration, and carbon offsetting solutions. Environmental Carbon Credit Enterprise (ECCE) wholly owns Africa Asia Climate Exchange, the first climate exchange in Africa established in 2007.
In a world grappling with the repercussions of carbon emissions, ECCE emerges as a guardian of sustainability, offering bespoke strategies to mitigate environmental impact. With a commitment to forging a harmonious balance between industry and nature, ECCE empowers businesses to embrace eco-conscious practices through the trading of carbon credits.
Driven by a passion for safeguarding our planet, ECCE employs cutting-edge technologies and sustainable methodologies to facilitate carbon sequestration initiatives. From afforestation projects to renewable energy investments, every endeavor is meticulously crafted to harness the earth's natural resilience and combat climate change.
Moreover, ECCE champions the concept of carbon offsetting, providing a lifeline for organizations seeking to neutralize their carbon footprint. Through strategic partnerships and innovative solutions, ECCE enables businesses to invest in certified carbon reduction projects, fostering a brighter, greener future for generations to come.
With a firm belief in the power of collective action, ECCE fosters a community of environmental advocates, uniting individuals and corporations in a shared mission to preserve our planet. Together, we embark on a journey towards sustainability, guided by the ethos of responsibility, integrity, and environmental stewardship.
As we venture into a world shaped by climate consciousness, ECCE remains steadfast in its commitment to driving positive change. Join us as we pave the way towards a carbon-neutral future, where every action taken today contributes to a greener tomorrow. Together, let's write a new chapter in the story of our planet—one that celebrates resilience, innovation, and the enduring spirit of environmental activism.
WHERE WE WORK:
The Environmental Carbon Credit Enterprise (ECCE) a not-for-profit-entity operates across Isiolo, Makueni, Machakos, Kitui, and Taita Taveta counties in Kenya, implementing impactful environmental conservation and clean energy programs. Together, these counties cover a combined area of approximately 86,000 square kilometersroughly the size of the U.S. state of South Carolina.
ECCE's initiatives in these regions focus on:
  • Restoring degraded landscapes through afforestation, reforestation, and sustainable land use practices.
  • Establishing community-based forest nurseries to increase tree cover and biodiversity.
  • Promoting clean energy solutions such as solar systems, improved cookstoves, and biogas to reduce reliance on wood fuel and charcoal.
  • Facilitating access to carbon markets by supporting communities in generating and trading certified carbon credits.
  • Empowering local communities through environmental education, green job creation, and climate-resilient livelihoods.
Through these efforts, ECCE is building climate-resilient communities while contributing to global carbon reduction goals.
Our Mission
1
Combating Climate Change
ECCE is dedicated to reducing global greenhouse gas emissions through the power of carbon credits.
2
Driving Innovation
We develop cutting-edge carbon credit programs and technologies to maximize environmental impact.
3
Cultivating Partnerships
We collaborate with businesses, governments, and communities to drive large-scale change.
Our Vision
A Sustainable Future
ECCE's vision is to create a world where carbon neutrality is the norm, not the exception.
Empowered Communities
We envision a future where local communities are empowered to develop their own carbon credit projects.
Global Impact
Our goal is to significantly reduce global greenhouse gas emissions and mitigate the effects of climate change.
Our Core Values
Innovation
We continuously explore new and creative ways to tackle climate change.
Integrity
We are committed to transparency, accountability, and ethical practices in all that we do.
Collaboration
We believe in the power of partnership and collective action to drive meaningful change.
Our Approach
1
Carbon Credit Development
We work with businesses and communities to design and implement custom carbon credit programs.
2
Verification & Certification
Our projects undergo rigorous third-party verification to ensure the highest standards of quality and integrity.
3
Market Integration
We connect our carbon credits to global carbon markets, enabling businesses to offset their emissions.
Our Impact
Emissions Reduced
ECCE's carbon credit projects have led to measurable reductions in global greenhouse gas emissions.
Local Empowerment
Our work has empowered communities to take an active role in the fight against climate change.
Sustainable Future
By scaling our carbon credit solutions, we are working towards a more sustainable future for all.
OUR ESG VALUES
Environmental Carbon Credit Enterprise (ECCE) is registered at the
state law office in the Republic of Kenya as entity number 489002 as
an emissions trading, carbon off-setting, carbon sequestration, clean
and renewable energy organization since 2007.

Our Environmental, Social, and Governance (ESG) corporate goals;

Aligning our actions with our values and signalling those
values to wider corporate and government audiences.

Making conscientious purchasing decisions.

Reducing personal impact on the environment.

Reducing inequality and combating injustice.

others:

ENVIRONMENT

Clean water and sanitation

Affordable and clean energy

Responsible resource consumption and production

Climate action

Life on land

Life below water

SOCIAL

No poverty

Good health and well-being

Quality education

Gender equality

Reduced inequalities

GOVERNANCE

Demonstrating clear organizational purpose and values
embedded in the business.

Monitoring board composition and skills.
Executive compensation.
Oversight and scrutiny.
Reporting transparency and accountability
Partnerships
1
Government
We collaborate with policymakers to develop effective carbon pricing policies and regulations.
2
Businesses
We partner with companies to help them reduce their carbon footprint and meet sustainability goals.
3
NGOs
We work closely with environmental and community organizations to amplify our impact.
4
Global Citizens
We collaborate with global citizens through innovative initiatives and partnerships to combat climate change, fostering sustainable practices and environmental stewardship worldwide.
Get Involved
Explore our carbon credit projects
Browse our portfolio of verified carbon credit initiatives and find the right solution for your business or organization.
Become a corporate partner
Join us in the fight against climate change by offsetting your carbon emissions through our corporate carbon credit programs.
Donate to our cause
Your financial contribution will help us scale our impact and accelerate the transition to a low-carbon future.
CARBON CREDITS
What Are Carbon Credits?
Carbon credits are permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases (GHGs). One credit permits the emission of one ton of carbon dioxide or the equivalent of other greenhouse gases. Carbon credits are also known as carbon offsets.
The carbon credit is half of a cap-and-trade program. Companies that pollute are issued credits that allow them to continue to pollute up to a certain limit that's periodically reduced. The company can sell any unneeded credits to other companies that need them so private companies are doubly incentivized to reduce greenhouse emissions.
First, they must spend money on extra credits if their emissions exceed the cap. And second, they can make money by reducing their emissions and selling their excess allowances.
  • Carbon credits were devised as a mechanism to reduce greenhouse gas emissions.
  • Companies receive a set number of credits that decline over time and they can sell any excess credits to another company.
  • Carbon credits create a monetary incentive for companies to reduce their carbon emissions.
  • Carbon credits are based on the cap-and-trade model that was used to reduce sulfur pollution in the 1990s.
  • Negotiators at the Glasgow COP26 climate change summit in November 2021 agreed to create a global carbon credit offset trading market.
Proponents of the carbon credit system say that it leads to measurable, verifiable emission reductions from certified climate action projects, and that it is critical way that governments and private enterprises can work to address the climate crisis. There are a range of carbon compliance markets in operation across the world.
How Do Carbon Credits Work?
The ultimate goal of carbon credits is to reduce the emission of GHGs into the atmosphere. A carbon credit represents the right to emit greenhouse gases equal to one ton of carbon dioxide. That's the equivalent of a 2,400-mile drive in terms of carbon dioxide emissions, according to the Environmental Defense Fund.
Worldwide Carbon Credit Initiatives
The United Nations’ Intergovernmental Panel on Climate Change (IPCC) developed a carbon credit proposal to reduce worldwide carbon emissions in a 1997 agreement known as the Kyoto Protocol. The agreement set binding emission reduction targets for the countries that signed it. Another agreement known as the Marrakesh Accords spells out the rules for how the system would work.
The Kyoto Protocol divided countries into industrialized and developing economies. Industrialized countries, collectively called Annex 1, operated in their own emissions trading market. A country could sell its surplus credits to countries that didn't achieve their Kyoto level goals through an Emissions Reduction Purchase Agreement (ERPA) if it emitted less than its target amount of hydrocarbons.
The separate Clean Development Mechanism for developing countries issued Certified Emission Reduction (CER) carbon credits. A developing nation could receive these credits for supporting sustainable development initiatives. The trading of CERs took place in a separate market.
The first commitment period of the Kyoto Protocol ended in 2012. The U.S. had already dropped out in 2001.
The Paris Climate Agreement
The Kyoto Protocol was revised in 2012 in an agreement known as the Doha Amendment that was ratified as of October 2020 with 147 member nations having “deposited their instrument of acceptance.”
More than 190 nations signed the Paris Agreement of 2015 which also sets emission standards and allows for emissions trading.The U.S. dropped out in 2017 under President Donald Trump but subsequently rejoined the agreement in January 2021 under President Biden.
The Paris Agreement is also known as the Paris Climate Accord. It's an agreement among the leaders of more than 180 countries to reduce greenhouse gas emissions and limit the global temperature increase to less than two degrees Celsius or 35.6 degrees Fahrenheit above preindustrial levels by the year 2100.
The Glasgow COP26 Climate Change Summit
Negotiators at the November 2021 summit inked a deal that saw nearly 200 countries implement Article 6 of the 2015 Paris Agreement. It allows nations to work toward their climate targets by buying offset credits that represent emission reductions by other countries. The hope is that the agreement encourages governments to invest in initiatives and technology that protect forests and build renewable energy technology infrastructure to combat climate change.
Brazil’s chief negotiator at the summit, Leonardo Cleaver de Athayde, stated that the forest-rich South American country planned to be a major trader of carbon credits. “It should spur investment and the development of carbon projects that could deliver significant emissions reductions,” he told Reuters.
Several other provisions in the accord that were aimed at reducing overall global emissions include zero tax on bilateral trades of offsets between countries and canceling 2% of total credits. Additionally, 5% of revenues generated from offsets are placed in an adaptation fund for developing countries to help fight climate change. Negotiators also agreed to carry over offsets that had been registered since 2013, allowing 320 million credits to enter the new market.
The Nairobi African Climate Summit - 2023
The Nairobi African Climate Summit take-aways:
Critical agendas for urgent collective action at the continental and global level:
19. We call upon the global community to act with urgency in reducing emissions, fulfilling its obligations, honouring past promises, and supporting the continent in addressing climate change, specifically to:
i) Accelerate all efforts to reduce emissions to align with goals of the Paris Agreement
ii) Honour the commitment to provide $100 billion in annual climate finance, as promised in 2009 at the UNFCCC COP15 in Copenhagen, Denmark
iii) Uphold commitments to a fair and accelerated process of phasing down unabated coal power and phase out of inefficient fossil fuel subsidies while providing targeted support to the poorest and most vulnerable in line with national circumstances and recognizing the need for support towards a just transition.
20. We call for climate-positive investments that catalyse a growth trajectory anchored in the industries poised to transform our planet and enable African countries to achieve stable middle-income status by 2050.
21. We urge global leaders to join us in seizing this unprecedented opportunity to accelerate global decarbonization, while pursuing equality and shared prosperity.
22. We call for the operationalization of the Loss & Damage fund as agreed at COP27 and resolve for a measurable Global Goal oAdaptation (GGA) with indicators and targets to enable assessment of progress against negative impacts of climate change.
In recognition of the scale, urgency and importance of these collective actions, we commit to:
23. Develop and implement policies, regulations and incentives aimed at attracting local, regional and global investment in green growth, inclusive of green and circular economies;
24. Propel Africa's economic growth and job creation in a manner that reflects our commitments to the Paris Agreement and also aids global decarbonization efforts, by leap frogging the traditional progression of industrial development and fostering green production and supply chains on a global scale;
25. Focus our economic development plans on climate-positive growth, including expansion of just energy transitions and renewable energy generation for industrial activity, climate smart and restorative agricultural practices, and essential protection and enhancement of nature and biodiversity;
26. Promote clean cooking technologies and initiatives as a just energy transition and gender equality for African rural women, youth, and children;
27. Strengthen actions to halt and reverse biodiversity loss, deforestation, and desertification, as well as restore degraded lands to achieve land degradation neutrality; and implement the Abidjan declaration on achieving gender equality for successful land restoration;
28. Strengthen continental collaboration, which is essential to enabling and advancing green growth, including but not limited to regional and continental grid interconnectivity, and further accelerating the operationalization of the Africa Continental Free Trade Area (AfCFTA) Agreement;
29. Advance green industrialization across the continent by prioritizing energy-intense industries to trigger a virtuous cycle of renewable energy deployment and economic activity, with a special emphasis on adding value to Africa's natural endowments;
30. Promote investments in re-skilling to unlock the human capital that will power for Africa’s inclusive green transition;
31. Redouble our efforts to boost agricultural yields through sustainable agricultural practices, to enhance food security while minimizing negative environmental impacts;
32. Contribute to the development of global standards, metrics, and market mechanisms to accurately value and compensate for the protection of nature, biodiversity, socio-economic co-benefits, and the provision of climate services;
33. Finalise and implement the African Union Biodiversity Strategy and Action Plan, with the view to realizing the 2050 vision of living in harmony with nature;
34. Provide all the necessary reforms and support required to raise the share of renewable energy financing to at least 20 percent by 2030;
35. Promote the production of green hydrogen and hydrogen derivatives such as green fertilizer and synthetic fuels;
36. Integrate climate, biodiversity and ocean agendas into national development plans and processes to increase resilience of local communities and national economies;
37. Promote regenerative blue economy and support implementation of the Moroni Declaration for Ocean and Climate Action in Africa, and the Great Blue Wall Initiative, whilst recognizing the circumstances of Africa's Island States;
38. Support smallholder farmers, indigenous peoples, and local communities in the green economic transition, given their key role in eco-systems stewardship;
39. Identify, prioritize, and mainstream adaptation into development policy-making and planning, including in the context of Nationally Determined Contributions (NDCs);
40. Build effective partnerships between Africa and other regions, to meet the needs for financial, technical and technological support, and knowledge sharing for climate change adaptation;
41. Promote investments in urban infrastructure including through upgrading informal settlements and slum areas to build climate resilient cities and urban centres;
42. Strengthen early warning systems and climate information services, as well as taking early action to protect lives, livelihoods and assets and inform long-term decision-making related to climate change risks. We emphasise the importance of embracing indigenous knowledge and citizen science in both adaptation strategies and early warning systems;
43. Support implementation of the Africa Water Investment Programme (AIP), which aims to close the Africa water investment gap by mobilising US$30 billion by 2030;
44. Enhance drought resilience systems to shift from crisis management to proactive drought preparedness and adaptation, to significantly reduce drought vulnerability of people, economic activities, and ecosystems;
45. Further enhance our inclusive approach including through engagement and coordination with the children, youth, women, persons living with disabilities, indigenous people, and communities in climate vulnerable situations;
46. Accelerate implementation of the African Union Climate Change and Resilient Development Strategy and Action Plan (2022-2032)
CALL TO ACTION:
47.We call upon world leaders to recognize that decarbonizing the global economy is an opportunity to contribute to equality and shared prosperity.
48. We invite Development Partners from the global north and south to align technical and financial support to Africa for sustainable utilization of Africa’s natural assets for low carbon development that contributes to global de-carbonization.
49. To accomplish this vision of economic transformation in harmony with our climate needs, we further call upon the international community to contribute to the following:
i) Increase Africa’s renewable generation capacity from 56 Giga Watts (GW) in 2022 to at least 300 GW by 2030, both to address energy poverty and to bolster the global supply of cost-effective clean energy for industry.
ii) Shift exports of energy intensive primary processing of Africa’s raw material back to the continent, to serve as an anchor demand for our renewable energy and a means of rapidly reducing global emissions.
iii) Access to, and transfer of environmentally sound technologies, including technologies to support Africa’s green industrialization and transition.
iv) Design global and regional trade mechanisms in a manner that enables products from Africa to compete on fair and equitable terms.
v) Request that trade-related environmental tariffs and non-tariff barriers must be subject to multilateral discussions and agreements and not be unilateral, arbitrary or discriminatory measures.
vi) Accelerate efforts to decarbonize the transport, industrial and electricity sectors through the use of smart, digital and highly efficient technologies such as green hydrogen, synthetic fuels and battery storage.
vii) Design industry policies that incentivize global investment to locations that offer the most and substantial climate benefits, while ensuring benefits for local communities.
viii) Implement a mix of measures that elevate Africa’s share of carbon markets.
50. Reiterate the decision 1/COP27 that states that global transformation to a low-carbon economy is expected to require investment of at least USD 4 - 6 trillion per year and delivering such funding in turn requires a transformation of the financial system and its structures and processes, engaging governments, central banks, commercial banks, institutional investors and other financial actors.
51. We call for collective global action to mobilise the necessary capital for both development and climate action, echoing the statement of the Paris Pact for People and the Planet, that no country should ever have to choose between development aspirations and climate action.
52. Call for concrete, time-bound action on the proposals to reform the multilateral financial system currently under discussion specifically to:
i. Build resilience to climate shocks, including better deployment of the Special Drawing Rights (SDRs) liquidity mechanism and disaster suspension clauses.
ii. Re-channeling of at least $100billion of SDRs to Africa, including through institutions such as the African Development Bank which will be able to leverage the SDRs by three to four times. We also call for the formation of a group of SDR donors to expedite this re-channeling ahead of COP28.
iii. Propose for consideration a new SDR issue for climate crisis response of at least the same magnitude as the Covid19 issue (US$650 billion).
iv. Better leverage of the balance sheets of MDBs to scale up concessional finance to at least $500b per year.
v. Improve debt management, including:
a. the inclusion of ‘debt pause clauses’, and
b. the proposed expert review of the Common Framework and the Debt Sustainability Analysis.
vi. Provide interventions and instruments for new debt relief to pre-empt debt default to:
a. extend sovereign debt tenor, and
b. include a 10-year grace period.
vii. Decisively act on the promotion of inclusive and effective international tax cooperation at the United Nations with the aim to reduce Africa’s loss of US$ 27 billion annual corporate tax revenue through profit shifting, by at least 50% by 2030 and 75% by 2050.
viii. Put additional measures to crowd in and de-risk private capital, such as blended finance instruments, purchase commitments, partial foreign exchange (FX) guarantee and industrial policy collaboration, which should be informed by the risks that drive lack of private capital deployment at scale.
ix. Redesign MDB governance, to ensure a “fit for purpose” system with appropriate representation, voice, and agency of all countries.
53. Note that multilateral finance reform is necessary but not sufficient to provide the scale of climate financing the world needs to achieve 43 percent emission reduction by 2030 required to meet the Paris Agreement goals, without which keeping global warming to 1.5 degrees celsius will be in serious jeopardy.
54. Further note that the scale of financing required to unlock Africa’s climate-positive growth is beyond the borrowing capacity of national balance sheets, or at the risk premium that Africa is currently paying for private capital.
55. Draw attention to the finding that inordinate borrowing costs, typically 5 to 8 times what wealthy countries pay (the “great financial divide”), are a root cause of recurring debt crises in developing countries and an impediment to investment in development and climate action.
56. We call for adoption of principles of responsible sovereign lending and accountability encompassing credit rating, risk analysis and debt sustainability assessment frameworks and urge the financial markets to commit to eliminate this disparity by 2025.
57. Urge world leaders to consider the proposal for a global carbon taxation regime including a carbon tax on fossil fuel trade, maritime transport and aviation, that may also be augmented by a global financial transaction tax (FTT) to provide dedicated, affordable, and accessible finance for climate-positive investments at scale, and establish a balanced, fair and representative global governance structure for its management, with an assessment of the financial implications on socio- economic impacts on Africa.
58. Propose to establish a new financing architecture that is responsive to Africa’s needs including debt restructuring and relief, and the development of a new Global Climate Finance Charter through UNGA and COP processes by 2025.
59. We call for revaluation of the Gross Domestic Product of Africa through the proper valuation of its abundant natural capital and ecosystem services including but not limited to its vast forests that sequester carbon to unlock new sources of wealth for Africa. This will entail the use of natural resource accounting and development of
national accounting standards.
60. Note that the first Global Stocktake which will conclude at COP28 offers a pivotal opportunity to correct course by including a comprehensive outcome, both backward and forward looking.
61. Resolve to establish the Africa Climate Summit as a biennial event convened by African Union and hosted by AU Member States, to set the continent’s new vision, taking into consideration emerging global climate and development issues.
62. Resolve also that this Declaration will serve as a strong contribution from the African continent to the global climate change process including COP 28 and beyond.
63. Welcome the pledges and commitments made at the Summit to a tune of USD 26 billion from Development Partners including the European Union, the United Arab Emirates (UAE) as COP28 President-Designate, the Government of the United States, MDBs, Philanthropic Foundations, and Private Sector, to support Africa especially in the areas of renewable energy and adaptation.
64. Appreciate the efforts of the United Arab Emirates as the COP28 President-Designate in the preparation of COP28 and affirm Africa’s full support for a successful and ambitious outcome of COP28.
65. Request African Union Commission to develop an implementation framework for this Declaration and to make Climate Change an AU theme for the Year 2025 or 2026.
66. Thank the Government and People of the Kenya for successfully hosting the inaugural Africa Climate Summit, and the warm hospitality accorded to all delegations to the Summit.
COP 28 - Dubai UAE
COP 28 RESOLUTIONS
COP 28 took place in Dubai, Expo City, between 30th November - 13th December 2023, and had over 80,000 delegates from across the world. Below are the key highlights of outcomes and resolutions for COP 28:
  • The UNFCCC Opening Plenary of COP28/CMP18/CMA5 and SBSTA59/SBI59 on Thursday, 30 November, was marked by the unexpected adoption of the decision to operationalize new funding arrangements for responding to loss and damage and over $85 million was mobilized and secured $792 million pledges.
  • Countries agreed on targets for the Global Goal on Adaptation and its framework. This will help the world identify how it gets to a climate-resilient future and how to assess countries' efforts.
  • Global Stock Take was adopted which puts forward a plan to close the gaps to 2030. Countries are called upon to act to transition away from fossil fuel to reach net zero by 2050 and encourage economy-wide nationally determined contribution/national climate plans in the next review of country climate plans.
  • The UAE consensus also includes a new specific target to triple renewable energy capacity and double energy efficiency by 2030.
  • It also provided a framework for the Global Goal on Adaptation and recognized the need to scale up adaptation finance beyond the doubling to meet the urgent and evolving agenda.
  • COP 28 built momentum towards a new architecture for climate finance that recognizes the role of credit rating agencies and calls for scale-up of concessional and grant finance.
  • Launch of ALTRERRA, the UAE $30 billion catalytic private finance vehicle which seeks to mobilize a total of $250 for global climate action.
  • The COP 28 UAE declaration on Agriculture Food and Climate, embedding sustainable agriculture and food systems in the response to climate change which received endorsement from 158 countries.
  • The COP 28 UAE Declaration on Climate and Health, to accelerate the development of climate resilience, sustainable and equitable health systems endorsed by 144 countries.
  • The Global Decarbonization Accelerator (GDA) - a landmark energy initiative across the public and private sectors to speed up energy transition.
  • COP 28 sought to be inclusive by ensuring all voices could participate in the process, it provided for dedicated days for most left-out groups including the private sector as well as institutionalized the role of Youth champion to mainstream youth inclusion in future COPs.
Under the mantra of united, deliver and act, COP 28 sought to be transformational and ambitious in its resolutions, especially with regard to fossil fuels, adaptation funding, global stock takes and inclusivity among others.
COP 29 OUTCOMES
The 29th United Nations Climate Change Conference (COP29), held in Baku, Azerbaijan, had mixed outcomes, with progress in some areas but notable shortcomings in others.
Key Outcomes:
Climate Finance:
  • A new climate finance goal was established, with developed countries pledging $300 billion annually by 2035, tripling the previous $100 billion commitment. However, this amount fell far short of the $1.3 trillion annually requested by developing nations, sparking criticism, particularly from countries like India.
Carbon Markets:
  • COP29 operationalized the Paris Agreement’s provisions for carbon markets. It finalized mechanisms for international carbon credit trading and established a centralized UN trading system to promote the use of carbon offsets globally
Adaptation Goals:
  • The "Baku Adaptation Roadmap" was launched to accelerate the implementation of National Adaptation Plans, particularly for developing and vulnerable nations. However, progress was limited on the Global Goal on Adaptation due to financial and technical disagreements​
Energy Transition:
  • Negotiations to set ambitious energy storage and grid expansion targets failed, largely due to disagreements over the inclusion of fossil fuels in the dialogue. Countries postponed discussions on these critical targets until COP30​
Just Transition:
  • Talks on a "just transition" for workers and communities affected by the shift away from fossil fuels remained inconclusive. Finance and implementation disagreements were the primary obstacles, delaying key decisions until mid-2025​
Transparency and Gender:
  • The Enhanced Transparency Framework saw 13 countries submitting Biennial Transparency Reports. The Lima Work Program on gender, focusing on mainstreaming gender in climate actions, was also extended​
Criticisms and Challenges:
  • The conference was criticized for inadequate financial commitments and lack of consensus on critical energy and transition issues. Fossil fuel interests, including Azerbaijan’s heavy reliance on oil and gas, were seen as a barrier to stronger action​
Overall, while COP29 made incremental progress on issues like climate finance and carbon markets, it was marked by deep divisions, particularly over the phasing out of fossil fuels and funding for adaptation and mitigation efforts. Stronger action is anticipated at COP30 next year.
Why Should Levels of Carbon and Greenhouse Gases Be Reduced in the Atmosphere?
Scientists at the United Nations’ Intergovernmental Panel on Climate Change (IPCC) have shown that increased levels of greenhouse gases (GHG) in the atmosphere are warming the planet. This creates extreme weather changes around the world. Carbon dioxide is the main GHG, created by burning fossil fuels including coal, oil, and gas. Reducing the amount of carbon dioxide we emit may avoid further damage to our climate.
How Much Does a Carbon Credit Cost?
Carbon credits are priced differently depending on the location and market where they're traded. The average price for carbon credits was $4.33 per ton in 2019. This figure spiked to as much as $5.60 per ton in 2020 before settling to an average of $4.73 in the first eight months of the following year and reaching an average of $6.97 per ton in 2023.
The voluntary carbon market that consists largely of companies that buy carbon offsets for corporate social responsibility (CSR) reasons had an estimated value of $1 billion in 2021, according to some figures. The market for compliance credits related to regulatory carbon caps is substantially larger with estimates ranging as high as $272 billion in 2020.2119
Environmental Carbon Credit Enterprise (ECCE) offers Voluntary Carbon Scheme (VCS) trading, Market Certification and Consultancy services globally. Contact us today on email at: [email protected] or [email protected] or [email protected] if in need of our services.
The Bottom Line
Carbon credits were devised as a mechanism to reduce greenhouse gas emissions by creating a market in which companies can trade in emissions permits. Companies receive a set number of carbon credits under the system that decline over time. They can sell any excess to another company.
Carbon credits create a monetary incentive for companies to reduce their carbon emissions. Those that cannot easily reduce emissions can still operate but at a higher financial cost. Proponents of the carbon credit system say that it leads to measurable, verifiable emission reductions. Credits have also led to the need for carbon accounting to guide companies, governments, and individuals in measuring their impacts.
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Welcome to Environmental Carbon Credit Enterprise (ECCE). By accessing our website, you agree to comply with and be bound by the following terms and conditions of use. Please read these terms carefully before using our website.
1. Acceptance of Terms: By using the ECCE website, you agree to be bound by these Terms and Conditions and our Privacy Policy. If you do not agree with any part of these terms, you may opt out.
2. Donations: ECCE provides a platform for users to make donations to support environmental initiatives. Once a donation has been made and processed, it cannot be reversed or refunded. We encourage users to carefully consider their donations before proceeding.
3. Accuracy of Information: We strive to provide accurate and up-to-date information on our website. However, we do not warrant the completeness, accuracy, or reliability of any information, content, materials, or services provided on our website.
4. Use of Content: The content provided on the ECCE website is for informational purposes only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software, products, or services obtained from our website without prior written permission.
5. User Conduct: By using our website, you agree to abide by all applicable laws and regulations. You may not engage in any conduct that could damage, disable, overburden, or impair the functioning of our website or interfere with any other party's use and enjoyment of our website.
6. Intellectual Property: All intellectual property rights in the content and materials on the ECCE website are owned by or licensed to us. This includes, but is not limited to, trademarks, copyrights, and proprietary information. You may not use, reproduce, or distribute any of our intellectual property without our prior written consent.
7. Third-Party Links: Our website may contain links to third-party websites or services that are not owned or controlled by ECCE. We are not responsible for the content, privacy policies, or practices of any third-party websites or services. We encourage you to read the terms and conditions and privacy policies of any third-party websites or services that you visit.
8. Disclaimer of Warranties: ECCE makes no representations or warranties of any kind, express or implied, regarding the operation of our website or the information, content, materials, or services provided on our website. You expressly agree that your use of our website is at your sole risk.
9. Limitation of Liability: In no event shall ECCE, its officers, directors, employees, or agents, be liable to you for any direct, indirect, incidental, special, punitive, or consequential damages whatsoever resulting from your use of our website or the content, materials, or services provided on our website.
10. Governing Law: These Terms and Conditions shall be governed by and construed in accordance with the laws of Kenya, without regard to its conflict of law principles.
11. Changes to Terms: ECCE reserves the right to modify or revise these Terms and Conditions at any time without prior notice. By continuing to use our website after any such changes, you agree to be bound by the revised terms. If you have any questions or concerns about these Terms and Conditions, please contact us at [email protected]
Thank you for using our website.
Contact us :
/EnvironmentalCarbonCreditEnterprise
/ClimateExchg
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