JSE launches market for carbon credits

operates Africa’s biggest stock and bond exchanges, has made its play to corner the continent’s nascent carbon market.

“We are putting the plumbing in place” to trade these securities, Valdene Reddy, the JSE’s director of capital markets, said in an interview. “We are looking to position this as a solution across the continent.” While South Africa is not the continent’s biggest producer of carbon credits, it is the region’s largest emitter of greenhouse gases. With the country rolling out a carbon tax, the market for offsets is set to surge. The nation is also Africa’s biggest producer of solar and wind power, boosting its potential to have projects issue renewable energy certificates.

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