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{
    "id": 102930,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/102930/?format=api",
    "text_counter": 73,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, in order to mainstream policies and strategies toward the financing of our conservation effort, my Ministry, working with the relevant Ministries, will develop a carbon credit investment framework. This framework will outline modalities of carbon credit registration, revenue sharing, accountability as well as conservation and identified development areas to be funded by resources generated. Further, Kenya is better placed to emerge as a regional carbon emission trading hub. To this end, the Government will establish in the course of the Financial Year 2010/2011, a carbon Emission Trading Scheme (ETS) in Nairobi to pioneer the carbon market in Africa. My Ministry, together with the Ministry of Environment and Mineral Resources, will initiate the development of appropriate policy and regulatory framework necessary to facilitate the institutionalization of ETS in Kenya. When completed, the ETS will significantly contribute to environmental conservation effort and facilitate mobilization of conservation resources. Mr. Speaker, Sir, hon. Members will agree with me that youth unemployment remains a major challenge to our development and social stability. Indeed, the 2009 Inequality and Poverty Assessment found that youth unemployment at 21 per cent was twice as high compared to the non-youth group. This does not include youth currently studying. The key to a more prosperous Kenya lies in the hands of its younger generations. They will be the dynamic drivers for competitiveness, growth, and poverty reduction through innovation, entrepreneurship and hard work. Tapping into the creativity and knowledge of young people is, therefore, a crucial asset for boosting economic development. Going forward, we must, therefore, start increasing focus on young entrepreneurs and innovators as viable pro-poor and employment creation development strategy, given that most new jobs are being created through small enterprises and self-employment."
}