Rwanda is set to unveil its carbon market scheme at the 28th UN Climate Summit, known as COP28, scheduled to take place from November 30 to December 12, at Expo City Dubai,Herman Hakuzimana, the Climate Change Programme Manager at the Rwanda Environment Management Authority says Rwanda has a lot to offer on the carbon market.
Recently, the cabinet received a comprehensive briefing on the country's carbon emission trading framework, which aligns with Article 6 of the Paris Agreement. Hakuzimana emphasized,"The carbon market framework serves as a tool to attract investors to Rwanda's carbon market, and these projects are all part of Rwanda's 10-year climate action plan, which requires $11 billion for implementation through 2030."Rwanda has committed to reducing its greenhouse gas emissions by 38 percent by 2030. To achieve this target, $4.155 billion will be sourced domestically, contributing to a 16 percent reduction in emissions, while $6.