Africa > Zimbabwe voids all existing carbon offset agreements, lays claim to half of future proceeds -report

Zimbabwe voids all existing carbon offset agreements, lays claim to half of future proceeds -report

Published 00:00 on May 17, 2023  /  Last updated at 01:31 on July 10, 2023  / /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

The Zimbabwe government has declared all current carbon offset deals in the country “null and void” and will take a 50% revenue cut of all future contracts, a media outlet reported Tuesday, in what could further imperil a large, already beleaguered REDD+ project and set a precedent for other countries to extract similar concessions.
The Zimbabwe government has declared all current carbon offset deals in the country “null and void” and will take a 50% revenue cut of all future contracts, a media outlet reported Tuesday, in what could further imperil a large, already beleaguered REDD+ project and set a precedent for other countries to extract similar concessions.


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