As regulators prepare to rule on the future of a global aviation climate program, a growing number of experts and project developers are warning that the outcome could determine whether the system succeeds collapses. The decision, expected from the Council of the International Civil Aviation Organization, will shape the supply of carbon credits available under…
A robust carbon tax keeps more revenue in South Africa and encourages local companies to reduce product emissions to improve competitiveness in international markets, and it aligns with international support for decarbonisation efforts here. The carbon tax is an important economic instrument in South Africa. Yet it is now uncertain whether the country will continue…
Washington — Six countries of the Congo Basin–Cameroon, Central African Republic, the Democratic Republic of Congo, Equatorial Guinea, Gabon, and Republic of Congo–are working to take bold steps to unlock results-based payments and climate finance. The newly launched Strategic Roadmaps for Carbon Market and Climate Finance in the Forest Sector for the Congo Basin Countries…
Participants during the, “High-Integrity Carbon Markets: Impact and Path to Accelerated Climate Action,” discussions at UNEA-7. PHOTO/UN BY KARIUKI CHEGE [email protected] Over 200 participants convened at a pivotal event on the margins of the United Nations Environment Assembly (UNEA-7) to explore the rapidly evolving role of carbon markets in addressing climate change. The session, titled…
Zero Carbon Charge’s proof-of-concept site near Wolmaransstad Zero Carbon Charge, the company building a network of national off-grid electric vehicle charging stations, said on Wednesday that it plans to begin construction of new sites along the N3 between Johannesburg and Durban and the N1 to Cape Town. This comes as the Development Bank of Southern…
Africa’s carbon markets are poised to transform not only the continent’s future, but the global fight against climate change. Yet, as leaders gather for the Africa Climate Summit 2 (ACS2), Africa’s achievements and leadership in this arena are too often treated as an afterthought. That attitude isn’t just unfair — it is a costly strategic…
The Africa Sovereign Carbon Registry Foundation is urging African nations to exercise their right to collect carbon contributions under the “polluter pays” principle. The foundation spoke this week at the second Africa Climate Summit (ACS2) in Addis Ababa, where it was officially endorsed by the African Union. Paul Sébastien, an international carbon markets expert and…
By 2024, Rwanda had generated more than 1.6 million carbon credits—enough to offset millions of tons of carbon dioxide globally. This milestone, coupled with an ambitious portfolio of climate projects, has positioned Rwanda as a frontrunner in East Africa’s carbon diplomacy. While neighbours such as Kenya and Uganda have advanced renewable energy and conservation, Rwanda…
Nairobi — Carbon markets could release 1.5 to 2.5 gigatonnes of new emissions annually, fueling more pollution in Africa, a recent report by Power Shift Africa has revealed. The report titled “Why Carbon Markets Are a Dangerous Distraction for Africa” shows that carbon markets lead to further carbon pollution, delay real climate solutions, enable corporate…
