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{
    "id": 1279855,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1279855/?format=api",
    "text_counter": 300,
    "type": "speech",
    "speaker_name": "Tigania West, UDA",
    "speaker_title": "Hon. (Dr) John K. Mutunga",
    "speaker": null,
    "content": " Hon. Temporary Speaker, let me take a few minutes to lay out this framework. First, the UNFCCC discussed climate and said it was important to have the standards. The Kyoto Protocol defined the framework, but there were no commitments. Then, there was the Paris Declaration, which committed countries to reducing greenhouse gases. The nationally determined commitments are those to reduce greenhouse gases. Climate is universal. You can intervene anywhere in the world. That is why there is money in this particular field. I want to discuss very briefly how this money comes in. The countries that pollute the environment have committed themselves to reducing greenhouse gases. However, you can intervene anywhere in the world. That is why they can come here and cause afforestation or forest growth or invest in clean energy. If there is a reduction of greenhouse gases through such investment, they can factor this into their commitment during the annual reviews of the UNFCCC, otherwise called the Conference of Parties (CoP). Its 28th meeting will be in Dubai in the United Arab Emirates (UAE) this year. It will happen between 30th November to 12th December. These are called negotiations. They come in to try and see how they can figure out possible ways of reducing greenhouse gases. The reason they have to be reduced is because they increase the temperature of the earth. It has increased up to 1.54 per cent. If it reaches 2 per cent, nobody knows what will happen. The idea is to reduce pollution by ensuring that this temperature does not increase. Some countries like the United States of America (USA) are not very committed to reducing the use of pollutants like coal as a source of energy. Therefore, there is a need for us to partner with other countries to reduce greenhouse gases. That is why there is carbon credit or carbon market because other countries can allocate money here to cause the reduction of greenhouse gases. Therefore, they take this as their contribution. They can factor this into the negotiations. This Bill comes to regulate this market and the activities in this sector. It is important to have such a Bill regulating the…"
}