#TuesdayThoughts 

I'm not sure who advised the Kenyan government that a climate-debt swap was a wise move—it’s really just a clever rip-off. Let me break down the numbers to show how Germany has taken advantage of this situation:

One megawatt of geothermal energy can offset about 300 tons of carbon dioxide each year. If we do the math, that means we're looking at 300 tons multiplied by 300, which totals a whopping 90,000 tons. With typical carbon credit financing valued at $100 per ton, Kenya could conservatively earn $9 million annually by selling those carbon credits. 

Considering that geothermal plants have a lifespan of 25 years, that translates to a potential revenue of $225 million over the life of the plant—$9 million per year for 25 years. But here’s the kicker: Kenya is only repaying $60 million in debt. This means the Germans stand to pocket an astonishing $165 million by selling the carbon credits generated from Kenya's own resources. It’s hard to believe this is what they call a “smart” deal!