Govt aims to tap into US$200m local carbon credits market

GOVERNMENT has introduced mandatory deductions on all carbon credits issued or transferred within the Zimbabwe Carbon Registry to keep some of the generated funds from these instruments in the country.

Zimbabwe generated 31 293 689 carbon credits from 26 projects as of October 2024, according to the American-based Voluntary Registry Offsets Database.

Based on this and the average price per instrument, Zimbabwe has generated US$204,34 million in carbon credits, which the country is yet to reap any returns from in taxes, fees, or licences.

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