When the Kenyan government refused to issue a letter of authorisation KOKO collapsed.
Carbon projects can only receive subsidy (carbon offsets) if they prove that the project would not take place without it (additionality). In other words, this vulnerability to policy shocks and price fluctuations is a feature, not a bug.
Carbon projects can only receive subsidy (carbon offsets) if they prove that the project would not take place without it (additionality). In other words, this vulnerability to policy shocks and price fluctuations is a feature, not a bug.