The introduction of carbon finance as an incentive in forestry farming has a potential of increasing the amount of carbon sequestered. However, this has created a daunting task among investors in forestry to optimise the joint production of wood and carbon sequestration. For instance, investors might find it profitable to give up some timber returns in exchange for carbon credits. This study evaluated expected income from growing Cupressus lusitanica Mill., Pinus patula Schiede ex Schltdl. & Cham., Eucalyptus saligna Sm. and Juniperus procera Hochst. ex Endl. for wood and/or the carbon market in central Kenya. The global average unit price of carbon and stumpage royalty were used to estimate expected returns from sale of carbon credits and wood, respectively. There were significant differences (p < 0.01) in the expected amount of income from sale of carbon and wood among the four species. Specifically, at economic rotation of 30 years with stand density of 532 trees ha