Zimbabwe to regulate carbon credit market to curb greenwashing

📆 5/23/2023 7:59 AM
📰 ReutersAfrica

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Zimbabwe's government will closely regulate voluntary carbon offset trading in a bid to curb greenwashing and ensure benefits for local communities, its environment minister has said.

voluntary carbon offset market involves companies buying credits from emission reducing projects such as renewable energy or planting trees to offset their own emissions.

The government now wants all carbon projects to be registered with authorities within the next two months. "We are determined to make sure that climate finance resources, meant to empower the country, accrue to the most deserving. We do not want instances of climate washing," Ndlovu said during the launch of the new carbon market policy.

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