The benefits of carbon markets can be seen in how they have boosted cooking-fuel startups. Almost a quarter of the African carbon credits issued on voluntary markets involve such projects.Africa has taken part in carbon markets for decades, albeit on the margins. It accounted for 3% of the credits issued under the Clean Development Mechanism (cdm), the first international carbon market set up under the aegis of the un.In the Paris Agreement countries made pledges to limit their emissions, known as Nationally Determined Contributions (ndcs). Article six of that treaty in effect outlines a formal export market in carbon credits. It lets one country partially meet its ndcs by buying credits catchily called Internationally Transferred Mitigation Outcomes (itmos) issued by another. Should Africa start export carbon credits ?
Previous Article
Germany fiscal messNext Article
Chinese role in electric cars