Trending
- Kenya’s private equity deals to flourish in 2024
- Types of Properties in Downtown Dubai Suitable for Vietnamese Investors
- World Bank rolls out plan to slash EAC internet costs, fuel regional trade
- Kenya’s fertilizer distribution reforms cut consumption by 172,000 tonnes
- JPMorgan CEO to scout for loan and corporate deals in Africa tour—analysts
- The science is clear. The world is far off track from achieving vital climate goals
- Energy transition: Why Africa’s race to net-zero is moving too slowly
- Nigeria inflation cools in August, but analysts warn dip could be short-lived
Browsing: The role of bamboo in Ethiopia’s economy
- Dutch climate action organization DGB Group aims to restore 12,000 hectares of native forests in Ethiopia’s mountainous region.
- DGB’s iconic bamboo project has been added to the prestigious Verra Verified Carbon Standard (VCS) registry.
- This move ensures that the project not only restores lost ecosystems but also generates measurable, verifiable carbon credits, which are vital element on carbon finance.
Ethiopia, known for its stunning landscapes and rich cultural history, is now setting the stage for a new chapter in sustainability, and a chance to tap billions in climate finance. An ongoing reforestation initiative, spearheaded by Dutch climate action organization, DGB Group, is poised to transform the country’s environmental and economic future.
By restoring vast tracts of native forest, Ethiopia is taking giant strides towards securing its place in the global carbon finance market—a move that could unlock billions in climate finance.
Ethiopia’s ambitious carbon project
In a historic move, Ethiopia’s …