Africa > Zimbabwe drops controversial plan to give 25% of carbon credit revenue to local communities

Zimbabwe drops controversial plan to give 25% of carbon credit revenue to local communities

Published 18:12 on September 27, 2023  /  Last updated at 19:00 on September 27, 2023  / Paddy Gourlay /  Africa, Nature-based, Voluntary

Zimbabwe has backed down on forcing carbon offset project developers to hand over a quarter of their share of proceeds from credit sales to local communities, the government announced Wednesday, following a backlash from investors and market participants.
Zimbabwe has backed down on forcing carbon offset project developers to hand over a quarter of their share of proceeds from credit sales to local communities, the government announced Wednesday, following a backlash from investors and market participants.


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