Growing carbon markets with forest schemes in Africa

Most African governments are outlining plans to cut their reliance on fossil fuels as many are already feeling the effects of climate change through drought, extreme heat and cyclones. The African Development Bank estimates that addressing climate change will require between 3.5 trillion and four trillion dollars by 2030 for countries to adapt and reduce their reliance on fossil fuels. The continent is home to huge swathes of carbon-absorbing lands, with forest covering 22.7%, The initiative was one of Africa’s first steps into the carbon market, where credits to emit greenhouse gases can be bought or sold. Can African continent afford the issue of climate change ?