Africa is not immune to the damaging effects of global warming (droughts, floods and desertification…). Yet the use of carbon credits (a unit equivalent to one tonne of CO2 avoided or sequestered) is not yet popularized there and continues to be debated…It was after the Paris Agreement came into force in 2015 that the use of carbon credits gained momentum. There are currently two types of carbon markets:

1/the regulated market in which participants trade emission allowances, while the second allows companies and governments to purchase carbon credits on a voluntary basis, thereby offsetting their emissions.

2/ the Voluntary Carbon Market (VCS), which enables companies and governments to purchase carbon credits on a voluntary basis, thereby offsetting their emissions. This market is worth two billion dollars. This is a huge opportunity for Africa.

Various types of emission reduction projects can generate carbon credits, including renewable energies and energy efficiency, agriculture and land management, waste management…

 

OP, Communications Manager

EXPADD