Unlocking Africa’s potential in the global carbon market: Accelerating emissions trading in a shifting energy paradigm
Emissions trading, often referred to as “cap and trade,” is a system where a limit is placed on the quantity of pollution that companies are permitted to emit. These companies are issued tradable emissions allowances equivalent to the set limit and can choose to trade these allowances with other companies governed by the same system.
Unfortunately, Africa’s participation in the carbon market faces several key challenges that limit its ability to fully benefit from trading carbon credits. One significant obstacle is the lack of robust policy frameworks and regulatory mechanisms to support carbon trading at both national and regional levels.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.
It is these barriers and potential solutions that will form some of the critical discourse at the Nigeria Energy Leadership Summit. The event organised by Informa Markets, serves as a vital platform for discussing Africa’s role in the global carbon market. Scheduled for 15 – 17 October, this conference will bring together government officials, industry experts, and investors to explore potential solutions and strategies to address the continent’s unique challenges in carbon trading.
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