The Africa Carbon Markets Initiative (ACMI) has drawn hundreds of millions of dollars in pledges from governments, businesses, and financial institutions, as African leaders seek to mobilize climate finance for the continent. “We must see in green growth not just a climate imperative but also a...
"Carbon markets and pricing is one area, which has huge potential hence the need to give it attention through a strong collaboration," he said at the 10th Africa Carbon forum which kicked off in Nairobi. Putti said that in spite of some progress, a lot still needs to be done by way of...
The expansion of carbon markets across Africa might still be in the early phase, but industry advocates hope the launch of Nigeria's domestic market could be the spark for wider adoption. In March, Nigerian Vice-President Kashim Shettima announced a committee tasked with creating a $2.5b blue...
This included the launch of the African Carbon Markets Initiative to help drive green development in the region. SIDEBAR Driving green growth in Africa: carbon markets set to grow Among the key outcomes of COP27 hosted by Egypt in November 2022 was the African Carbon M...
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There are two big reasons behind the impressive growth of carbon markets: (1) the role they play in helping fund the technologies needed to fight climate change, and (2) the role they play in supporting corporates’ net-zero strategies. ...
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carbon markets have gained prominence. They reached USD 800 billion in 2021, which is more than international trade in grains or oil [4]. The global demand for carbon units is projected to surge more than 25-fold by 2050, potentially reaching hundreds of billions of USD [5]. Currently, ...
A large proportion of the tropical rain forests of central Africa undergo periodic selective logging for timber harvesting. The REDD+ mechanism could promote less intensive logging if revenue from the additional carbon stored in the forest compensates financially for the reduced timber yield. Results ...
School of Social Science, The University of Queensland, Brisbane, Australia. and;University of the Free State, South Africa;RoutledgeInternational Journal of African Renaissance Studies - Multi-, Inter- and TransdisciplinarityLyons, K., Westoby, P., 2014. Carbon markets and the new `carbon ...