Zimbabwe finalizes carbon credit law for economic benefits from carbon trading and conservation.

Zimbabwe is finalizing a carbon credit law to maximize economic benefits from carbon trading and conservation initiatives. The proposed legislation entitles project proponents to 70% of proceeds, while 30% goes to the government's environment fund; 25% of the 75% must be invested in the community where the project is based. Zimbabwe aims to establish a national agency for carbon trading registration and a Climate Change Fund for community-based projects.

August 09, 2024
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