Climate change: Africa has a major new carbon market initiative – what you need to know

Author: Jonathan Colmer  Assistant Professor of Economics, University of Virginia Published: January 23, 2023 4.55pm SAST Climate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy, and drive sustainable economic development. Led by a 13-member steering committee of African leaders, chief executives and industry specialists, the initiative promises to expand the continent’s participation in voluntary carbon markets. Carbon markets are trading platforms…