INTERLUDE BETWEEN CARBON CREDIT AND CIRCULAR ECONOMY

Jun 12, 202515 mins read

Sustainable development and the urgent fight against climate change are critical global priorities.

Sustainable development and the urgent fight against climate change are critical global priorities. Climate action is central to the UN’s 2030 Agenda and several of its Sustainable Development Goals (SDGs). As climate risks grow, governments, businesses, and communities are adopting diverse strategies to adapt. Achieving the 1.5°C global warming limit requires rapid transitions across energy, land use, infrastructure, and industry. Key approaches like the circular economy and carbon emission reduction are increasingly driving progress and delivering broad sustainability benefits. 

The relationship between carbon credits and the circular economy involves quantifying emission reductions through resource reuse and waste minimization, which can then be used to generate carbon credits. This interlude highlights how circular economy practices directly contribute to mitigating climate change by reducing reliance on virgin materials and associated emissions.

A recent webinar titled Climate Action Conference organized by TeamEnvironment Kenya and Kabarak university, brought together experts to discuss cutting-edge solutions in sustainable transportation and manufacturing. The event featured insights from Hassan Noor, Director of EVEA Services, James Kitavi director at Kiseki Ltd, John Kabuye who is the head of Environmental, Social and Governance ESG and corporate communication at Acorn Holdings Limited and Dr. Renuka Thakore who is the founder and CEO at Global sustainable future network CIC based in United Kingdom.

Hassan Noor highlighted EVEA's efforts to make electric vehicle conversion more accessible and affordable in Kenya. He emphasized that their conversion costs are significantly lower than expected, which sometimes leads to disbelief among potential customers. Noor also mentioned that EVEA is working with the government to push for legislation that would facilitate easier adoption of electric vehicles.

On the other hand, James Kitavi focused on the benefits of circular manufacturing and its long-term impact on sustainability. He compared circular manufacturing with carbon trading, noting that while carbon trading might seem more convenient, circular manufacturing offers more comprehensive benefits. Kitavi stressed that circular economy practices can lead to cost reductions, citing examples where reused packaging products cost only a third of virgin manufactured alternatives.

Both speakers addressed the common misconception that environmentally friendly solutions are always more expensive. They argued that sustainability initiatives can actually make products and services more affordable in the long run.

However, Dr. Renuka Thakore of the Global Sustainable Futures Network, discussed integrating carbon literacy into daily activities and showcased how initiatives like community composting can generate carbon credits to support local farmers. Dr. Renuka emphasized the importance of involving local communities, especially women and smallholder farmers, in carbon credit projects. She noted how indigenous knowledge can be valuable for sustainable land use practices.

John Kabuye, head of ESG at Acorn Holdings, shared how green building practices and waste segregation contribute to sustainability goals in the built environment sector noting that through recycling, the initiatives and plans to conquer are into place.  In 2023, Acorn launched the Declutter for the Planet Campaign, which spurred sustainable actions. Over 200 residents and staff participated in tree planting and waste management activities. Simultaneously, the campaign encouraged mindful consumption by promoting wardrobe decluttering and clothing donations. Through workshops on the social and environmental impacts of fast fashion, over 150 residents across their 9 properties donated 500 garments to underserved communities at City Park Nairobi. These initiatives not only lessened environmental harm but also fostered a sense of responsibility and generosity within our student community.

In conclusion, the conference underscored the need for better information dissemination about carbon trading and sustainability practices. The experts agreed on the importance of making sustainability information and carbon credit opportunities more accessible to individuals and communities. They highlighted examples like biochar production as promising circular economy projects with carbon credit potential and also agreed that with proper understanding and implementation, these initiatives could significantly contribute to Kenya's climate action efforts.

 

Authored by, 

Yassin Ali.