EMEA > Africa > Outgoing AfDB president warns of African “carbon grabs” by foreign investors

Outgoing AfDB president warns of African “carbon grabs” by foreign investors

Published 01:51 on April 7, 2025 / Last updated at 01:51 on April 7, 2025 / CO2 Management (Engineered Removals), EMEA (Africa), Nature-based Carbon (Forestry), Voluntary (VCM Governance)

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Akinwumi Adesina, president of the African Development Bank (AfDB), has criticised what he calls a "carbon grab" by foreign companies, accusing them of paying minimal prices for African carbon credits while undervaluing the continent’s natural capital.
Akinwumi Adesina, president of the African Development Bank (AfDB), has criticised what he calls a "carbon grab" by foreign companies, accusing them of paying minimal prices for African carbon credits while undervaluing the continent’s natural capital.


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