en.Wedoany.com Reported - Kenya and Norway have signed a declaration of intent to negotiate a bilateral agreement under Article 6.2 of the Paris Agreement, marking new progress in market-based international climate cooperation and expanding participation in carbon markets.

The declaration of intent, signed on June 9, 2026, lays the foundation for a subsequent structured bilateral arrangement aimed at facilitating the transfer of internationally transferred mitigation outcomes between the two countries.

According to Kenya's Climate Change Envoy, this development not only carries diplomatic significance but also paves the way for a formal agreement that could expand the buyer base for Kenyan carbon credits.

The initiative is expected to unlock new climate finance channels, drive private sector green investment, and create job opportunities, while supporting Kenya's broader climate and development goals. Kenya has positioned itself as a regional leader in carbon market readiness. Norway, through its NOGER Initiative, has committed significant climate finance support to developing economies, including grants exceeding 15 billion Norwegian kroner.

Both countries stated that the next step will involve detailed negotiations aimed at finalizing a bilateral agreement that complies with Article 6.2 rules and supports the development of high-integrity carbon markets. The partnership is expected to contribute to Kenya's clean energy transition while supporting global efforts to achieve the goals of the Paris Agreement through market-based climate mechanisms.

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