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{
    "id": 1283030,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283030/?format=api",
    "text_counter": 47,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "investment in our own country and have funds or resources come back to us as a nation, so that we are able to meet our own quota of the national determined contributions. Mr. Speaker, Sir, you know for a fact, like I have mentioned that carbon trading is one of the areas that has been identified as a way and means through which developing nations such as Kenya and so many of those that are in the global south can use to raise resources to meet their contribution to this quota. I have mentioned that our own NDC puts us at US$62 billion and we have only seven years to go. If you put that money and left it for taxpayers to raise, the truth of the matter is that we will struggle to raise even 10 per cent of that money. That is why I want to challenge and ask our colleagues to consider the Bill before us and put in place mechanisms through which we can attract investment. We can measure first as a country, identify and say that these are actual investments that are being put in place. One of the challenges that we are having in this carbon trade conversation is that if you go online you will read very beautiful and rosy stories about what is happening in different parts of the world. Mr. Speaker, Sir, I know for a fact that Kenya is leading in this space on the continent of Africa. There are no less than 116 projects that are going on in the country, but the biggest question that people continue to ask themselves is: Where is this actual money? Where is this project? Where is it in Migori, Kericho or Siaya; so that I can identify with it and my own people who are making their contribution can know that maintaining a clean and safer environment and growing of these trees because of the carbon trades that we engage in, is actually beneficial to the host communities where these projects are being done. That is the amendment that is before us. It will ensure that we set in place the mechanism through which we, as a country, are able to measure and understand this space of carbon trading. Therefore, the regulation of carbon trading is crucial, not only to mitigate the impacts of climate change, but also to promote sustainable development, attract investment, fulfil our own international commitments that we have signed and fostering a green and resilient economy, something that we all aspire to and look up to as a country. Mr. Speaker, despite the fact that we have the greatest potential and that we are leading, the rest of the African nations are not sitting pretty on their laurels. Next to us here in Tanzania, in the last one year alone, they have unlocked investments worth over US$20 billion of green energy projects thanks to the regulation of this space that I am talking about. The reason why we continue to struggle as a country is because we do not have a regulatory framework for which we can measure. That is the proposal that is being given in this particular Bill to ensure that a land-based project, for example, is being implemented through a particular community. We should then think about any community in whichever part of the country - even to the farthest north, Marsabit or Turkana, that development agreement will outline the relationship and obligations of the proponents of the project in public and community land where it is being developed. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard Services,Senate."
}