Zimbabwe has launched a blockchain-enabled carbon credit score registry to boost transparency and restore investor belief after earlier disruptions within the carbon credit score market. In 2023, the nation confronted backlash for abruptly canceling initiatives and claiming a portion of proceeds, affecting builders just like the Kariba Redd+ Venture. Authorities have since established the Zimbabwe Carbon Markets Authority to supervise carbon credit score challenge registrations. The brand new registry, developed by Dubai-based A6 Labs, is touted as the primary of its type globally and permits for absolutely traceable transactions, guaranteeing the integrity of the carbon market. Zimbabwe, a big producer of carbon credit in Africa, goals to control the trade extra successfully, with builders required to use and meet particular standards to take part.
Zimbabwe Turns to Blockchain to Revive Carbon Credit Investor Confidence
