Producing high quality carbon credits in Africa
Africa accounts for only a fraction of the global carbon markets trade, how can that be changed considering the immense potential for the commodity. Anna Lehmann,
Global Policy and External Affairs Director, Wildlife Works joins CNBC Africa for more.
Fri, 19 May 2023 12:15:17 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The Africa Carbon Markets Initiative is driving progress and interest in the African carbon market, with increasing support from governments and the focus on achieving national climate targets.
- Ensuring quality and integrity in carbon projects is crucial for African developers and governments to command higher prices and stand out in the global market.
- Wildlife Works, through equitable partnerships with communities, focuses on creating high-quality carbon projects in Africa that not only contribute to environmental conservation but also uplift local livelihoods.
Africa's position in the global carbon market trade has long been a topic of discussion, with the continent accounting for only a fraction of the trade. However, there is immense potential for growth in this market considering the natural resources and opportunities that Africa presents. Anna Lehmann, the Global Policy and External Affairs Director at Wildlife Works, sheds light on the progress and challenges faced in the African carbon market. Wildlife Works, an authority in nature-based solutions, focuses on producing high-quality carbon credits in Africa. Lehmann discusses the developments in the Africa Carbon Markets Initiative (ACMI) and emphasizes the importance of ensuring quality and integrity in carbon projects on the continent. With a focus on equitable partnerships with local communities, Wildlife Works aims to create projects that not only benefit the environment but also uplift the livelihoods of those most affected by climate change. By enhancing transparency and community involvement, Wildlife Works sets a high standard for carbon projects in Africa, paving the way for sustainable and impactful initiatives in the global carbon market trade.
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