Project description

The assignment involved supporting Norfund’s due diligence for a potential investment in a clean cooking program in Kenya. Carbon Limits provided a detailed analysis of the risks and opportunities associated with carbon credit generation, market access, and pricing for clean cooking projects under evolving international standards (Gold Standard, Verra, Article 6.4). The work included verification of baseline parameters, assessment of regulatory and market developments in Kenya, and an overview of buyers and price trends in the voluntary carbon market. The project team delivered a comprehensive report with actionable recommendations, scenario analysis, and a clear timeline and budget.