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Africa’s ambitious plan to increase carbon credit production by 19 times by 2030 gained substantial financial support during the inaugural climate summit hosted by Kenyan President William Ruto. Notably, investors from the United Arab Emirates (UAE) committed to purchasing $450 million worth of carbon credits from the Africa Carbon Markets Initiative (ACMI). African leaders advocate...
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In 2015, the Paris Agreement was established, with countries and the European Union committing to reducing greenhouse gas emissions to limit global warming to below 2 degrees Celsius. To achieve these emissions reductions, each signatory submitted their Nationally Determined Contributions (NDCs), outlining their specific targets. Countries are now seeking ways to work together to achieve...
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