The Challenges of Building a Global Carbon Market: Lessons from Kenya, Global Relay Intelligence & Practice

Partners Levi McAllister and Olivier Chambord co-authored an article for Global Relay Intelligence & Practice about the legal and regulatory challenges of developing a global carbon market, using Kenya’s evolving carbon-market framework to illustrate how changes in national rules can affect developers, financiers, and carbon-credit purchasers.

The authors explain that companies should treat host-country regulation as a core component of carbon-project diligence and transaction structuring. They outline contractual protections for managing risks related to government authorization, international transfers, regulatory changes, and the availability and intended use of carbon credits.