Tag Archives: carbon trading
carbon trading: Latest News
Mongabay, 1:34 pm
Ethiopia has failed to make the most of emission reduction projects that allow developing countries to sell certified carbon credits, a stakeholder said. Making carbon credits marketable requires time, substantial investment and resources. Even then, a prospective buyer might reject them. Proponents say the carbon trading projects can’t come soon enough. The country is losing five times more forest than it’s planting. If Ethiopia is strategic, it can sell abundant resources like water to help power industrialization, boost tourism, boost electricity generation and create a wealthy green economy. And it’s renewable.
Dana Sanchez, 5:26 pm
Tanzania’s Hadza are some of the world’s last hunter gatherers, and they’re using technology to help protect the shrinking woodland they’ve depended on for 40,000 years. Carbon trading — a market-based method of regulating greenhouse gas emissions — is helping save their forest. The tools of their survival include marking the spot with GPS where trees have been illegally cut down. The Hadza monetized carbon savings by selling carbon offsets to local and international companies that want to to reduce their carbon footprint.
Staff, 7:02 pm
Fabrice Le Saché, a 32 year-old French citizen, is the founder of Ecosur Afrique, a leading environmental finance group operating in Africa. The Mauritius-based company is one of the most successful carbon trading companies on the continent, according to Forbes. With 61 employees , the company has more than 40 carbon reduction projects in 17 African countries, and an annual turnover of more than $10 million.
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