Africa > Malawi, battling extreme poverty and debt, turns to carbon markets to secure forex reserves

Malawi, battling extreme poverty and debt, turns to carbon markets to secure forex reserves

Published 17:43 on April 29, 2024  /  Last updated at 01:21 on April 30, 2024  / /  Africa, Climate Talks, EMEA, International, Paris Article 6, Voluntary

One of the world’s poorest, most indebted, and most climate-vulnerable countries is turning to carbon markets to secure foreign exchange reserves, as countries prepare to debate a new climate finance target amid crushing debt burdens at the COP29 UN climate conference this autumn.
One of the world’s poorest, most indebted, and most climate-vulnerable countries is turning to carbon markets to secure foreign exchange reserves, as countries prepare to debate a new climate finance target amid crushing debt burdens at the COP29 UN climate conference this autumn.


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