EMEA > 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 / / Nature-based Carbon (Forestry), Voluntary (VCM Governance), Africa

Carbon Pulse PremiumNature & Biodiversity PulseNet Zero Pulse

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.


A subscription is required to read this content. Subscribe today to Carbon Pulse Premium, Net Zero Pulse and/or Nature & Biodiversity Pulse to access our unrivalled news and intelligence, as well as other content including all job listings. Click here for details.

We offer a FREE TRIAL to each of our subscription services and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.