Nairobi, Feb. 2 -- Kenya has cast doubt on the authenticity of the carbon credits generated by Koko Networks after the World Bank-backed clean cooking startup blamed the government for its collapse.

President William Ruto's chief economic adviser, David Ndii, reckons that Koko's collapse was due to several factors, including the "veracity of cookstove carbon credit and lack of transparency in the firm's business model."

"Koko's case is uniquely multidimensional. The Paris Agreement itself, the veracity of cookstove carbon credits, our investor-unfriendly NDC regime and carbon market regulations, transparency of Koko's business model, diplomatic meddling," said Dr Ndii in a post on X (formerly Twitter).

Koko filed for administration on ...