African carbon market

The African carbon market refers to the market for the trading carbon credits generated by projects in Africa that reduce greenhouse gas emissions.[1]

Background

The African Carbon Market Initiative was launched at COP27 in 2022 to produce 300 million carbon credits annually.[2][3] Between 2016 and 2021, only 11% of carbon credits came from projects in Africa.[4]

References
  1. "Africa Carbon Markets Initiative (ACMI)". Sustainable Energy for All | SEforALL. Retrieved 2023-06-20.
  2. Owen-Burge, Charlotte (2022-11-08). "Africa Carbon Markets Initiative launched to dramatically expand Africa's participation in voluntary carbon market". Climate Champions. Retrieved 2023-06-20.
  3. "Making carbon markets work for Africa | Events | United Nations Economic Commission for Africa". www.uneca.org. Retrieved 2023-06-20.
  4. Payton, Ben (2023-10-02). "Africa hopes for starring role if carbon offsets market can overcome credibility crisis". Reuters. Archived from the original on 2023-10-02. Retrieved 2023-10-08.

Further reading
  • Kreibich, Nicolas; Hermwille, Lukas; Warnecke, Carsten; Arens, Christof (23 February 2017). "An update on the Clean Development Mechanism in Africa in times of market crisis". Climate and Development. 9 (2): 178–190. doi:10.1080/17565529.2016.1145102.
  • Bryan, Elizabeth; Akpalu, Wisdom; Yesuf, Mahmud; Ringler, Claudia (October 2010). "Global carbon markets: Opportunities for sub-Saharan Africa in agriculture and forestry". Climate and Development. 2 (4): 309–331. doi:10.3763/cdev.2010.0057.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.