The East African nation joins countries globally, including South Africa, India, Indonesia, and Vietnam, as part of its climate initiatives to set up domestic carbon trading markets, Business Daily newspaper reported.
A designated national authority will be appointed to maintain the national carbon registry, the National Assembly said in its brief to the president.
Globally, carbon credits are issued and regulated by the United Nations Framework Convention on Climate Change, set up in 1992.
Kenya will likely make its first drawdown from the $551.4 million Resilience and Sustainability Facility secured by the International Monetary Fund in July.
The country has to incorporate climate risk consideration into its national planning and investment framework as part of the funding.
Australia: A new law to ban children under 16 from social media
As various governments consider imposing restrictions on social media access, the Australian Government is moving to the next stage with its new social media age limit legislation, which will see users under 16 banned from using any social media app in the nation.