Carbon Credits In Zimbabwe – An Analysis Of The Regulatory Framework

Over the past decade the Kariba REDD+ Project gained notoriety as the second largest carbon credits project in the world, but recently issues of credibility have plagued the project and with it brought sharp focus on the carbon credits market and the regulation thereof. In essence carbon credits are the difference between offsets from greenhouse gas emissions against measurable, verifiable emission reductions from independently certified climate projects. In theory the carbon markets allow companies and governments alike to continue emitting greenhouse gases against a corresponding carbon credit generated by investment into a project that is designed to avoid, reduce or remove the impact of such emissions. The Kariba REDD+ project, one of a few verified and certified climate project, is a forestry project covering 785,000 hectares (1.94 million acres) of land focusing on preservation and conservation activities and as at March 2023 global companies had bought over 23