Deogracias Kalima Finance - 08/November/2023

Zimbabwe’s carbon credits plan reflects Africa’s errors, chaos and optimism

Zimbabwe is aiming to host Africa’s first carbon-offsets trading platform. However, carbon credits “nationalism” and competing trade hubs across Africa have overshadowed the financial benefits that Zimbabwe and the wider continent could obtain from the global trade in carbon offset deals

A lack of transparency is damaging carbon market reputations across Africa

HIGH PRICE Zimbabwe initially set a high tax on revenue from carbon offset projects, denting appeal

MARKET DISTRACTION Voluntary carbon markets are criticised as a distraction to the climate effort and divert funds from decarbonisation efforts

KEY QUOTE Africa’s brilliant positioning in the global carbon offsets programme could be harmed by excessive demand for equity


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