KOKO’s collapse: Corresponding Adjustments, CORSIA and wider implications

KOKO Networks, a leading cookstove project developer with over 1 million customers in Kenya, collapsed after years of waiting for a letter of authorization (LoA) from the Kenyan government. Despite Kenya’s pro-market stance and a World Bank MIGA guarantee, the LoA never materialized, leaving 15 million carbon credits in limbo. This failure highlights significant risks for carbon project developers relying on government authorization and threatens CORSIA’s credit supply ahead of crucial 2027-2028 compliance deadlines.
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