Browsing: carbon credits

Tanzania disburses $16.8 million to locals in carbon credits earnings. Country now boasts of 73 registered projects currently at various…

BURN clean cookstove manufacturer wins Ashden Award Winner for Outstanding Achievement. BURN sold $37 million of credits on the carbon…

With its multiple technologies, Bboxx is trailblazing in the green energy space, scaling its operations across Africa and projecting to…

Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria. Initiative to distribute 600,000 clean cookstoves,…

There is a Climate Funding gap of 40 billion dollars in blue carbon, yet no Kenyan firms are undertaking it.…

The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) represents an important international forum for countries to discuss and address global climate change issues. However, these conferences have tended to be high-level and process-based, and COP 27 was no exception. – negotiations took place, and some of the highlights included the historic establishment of the loss and damage fund, which was seen as setting a precedent for climate justice.

However, agreements on other matters, such as phasing out fossil fuels and setting emission peak periods, were not achieved. For African countries, COP 28 marks an important pivot point around funding, just transition, and the Nairobi Declaration. There will be a push for realisations on commitments made and innovative funding mechanisms to drive accelerated climate action now and beyond.

International delegates have gathered in Nairobi, Kenya, hoping to make further progress towards a landmark treaty to address global plastic pollution. The meeting is happening at the UNEP headquarters as negotiators seek to solve the scourge of pollution resulting from more than 430 million metric tonnes of plastic waste produced annually.
More than 2,000 delegates have attended the global plastics summit. They include representatives from environmental organisations, the oil and gas industry, and civil society groups. The delegates in Nairobi will mull two options: a wide-ranging strategy targeting plastics production or a limited approach focussed on waste management.

Therefore, carbon trading—producing and selling carbon offsets is becoming a new, lucrative, and transformative business in Tanzania. At least 20 companies are venturing into climate action-inspired business, pouring over $20 billion worth of investment.

The carbon credits market is gaining momentum as one of the lifeline sectors in a depressed global economy. African nations…