A project bringing together thousands of small farmers in western Kenya has become the first to earn carbon credits using a new sustainable farming accounting system, the World Bank said on Tuesday.

According to the bank – whose BioCarbon Fund is financing the initiative – the Kenya Agricultural Carbon Project issued 24,788 credits under the Verified Carbon Standard last week.

It is the first such issuance under the new carbon accounting system for low-carbon agriculture approved in 2011.
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