Sweden and Kenya launch emissions trading partnership under the Paris Agreement
The Swedish Energy Agency and Kenya's Ministry of Environment, Climate Change and Forestry have signed an agreement to cooperate on emissions trading under Article 6 of the Paris Agreement. The partnership marks an important step in both countries’ efforts to combat climate change and meet their national climate goals.
From the left: State Secretary for Foreign Affairs, Dag Hartelius, Acting DG of the Swedish Energy Agency Caroline Asserup, Ambassador Angeline K. Musili, Principal Secretary for Foreign Affairs, Dr Korir Sing’oei.
The Swedish Energy Agency and Kenya's Ministry of Environment, Climate Change and Forestry began discussions on this cooperation in early 2024. With the agreement signed, the next step is to implement emission reductions projects.
“The agreement is Sweden’s fourth emissions trading partnership under Article 6 of the Paris Agreement. Thanks to the innovative financing tool offered by Article 6 of the Paris Agreement, the Swedish Energy Agency can contribute to the climate transition even beyond Sweden's borders”, says Sara Sundberg, Acting Head of the Climate Department at the Swedish Energy Agency.
The partnership will accelerate Kenya's climate transition
Kenya’s population and economy have grown rapidly in recent years, resulting in a significant increase in energy consumption and greenhouse gas emissions. In response, Kenya’s government has set climate targets to reform the energy sector and attract investments in emissions reduction initiatives.
“Sweden and Kenya share a long history of broad cooperation. We look forward to deepening our climate cooperation through this agreement. Kenya pursues progressive environmental policies and has set ambitious climate goals but needs financial support to accelerate its climate transition. There are great opportunities for Sweden to contribute here”, says Sweden’s Ambassador to Kenya, Caroline Vicini.
The Swedish Energy Agency has previously established collaborations with multilateral actors such as the United Nations Development Programme (UNDP) and the Global Green Growth Institute (GGGI), both of which will be involved in the continued work in Kenya.
Sweden has signed bilateral climate cooperation agreements under Article 6 of the Paris Agreement with Ghana, Zambia and Nepal, and memorandums of understanding with the Dominican Republic, Rwanda and Switzerland.
