The Process

This video, of the document signing at the Olkirimatian Annual General Meeting, showcases the transparent and public approach taken by SftFA when collaborating with local communities to discuss joining the carbon project in Kajiado County. For the large communities that have been formed around Group Ranches, Annual General Meetings (AGMs) are the forum for finalizing the communities’ agreements to join the KRCP. This involves the formal signing of two important legal agreements. The first is the transfer of carbon rights from the community to SftFA, allowing them to develop and sell carbon credits on behalf of the community. The second is a benefit-sharing agreement, outlining how the financial benefits from the carbon project will be distributed to the community over time.

 

Prior to selling carbon credits, SftFA agrees to pay communities $2 per hectare of grazing land. This payment is meant to cover the costs the communities face in joining the carbon project, including the time and effort spent preparing a list of community priorities that the funds will support. Later, the communities will take on the responsibility of managing and reporting how these funds were spent