UAE to tap Zambia forestry for carbon credits
Two governments sign MoU allowing UAE to develop forestry-based projects in the African country
The UAE has signed a memorandum of understanding with Zambia to develop forestry-based carbon removal projects in the African country to generate carbon credits. The agreement falls under Article 6 of the Paris Agreement, which allows international trade in carbon credits used to meet countries’ targets set out in their Nationally Determined Contributions. The UAE has signed the agreement via Blue Carbon, a state-owned company set up to drive forward international carbon removal projects. Zambia is a unique treasure trove of natural resources, rich with vast forests that act as natural carbon sinks Blue Carbon will identify and implement strategies for Zambia's forest landscapes to g

Also in this section
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage