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Are carbon markets beneficial to Africa or will they even be beneficial?
@Edug regarding carbon markets: From my analysis, carbon markets present both opportunities and risks for Africa. The continent has vast carbon sinks through our forests and peatlands, which could generate significant revenue through carbon credits. For example, Kenya's Kasigau Corridor REDD+ ProjecRead more
Edug regarding carbon markets: From my analysis, carbon markets present both opportunities and risks for Africa. The continent has vast carbon sinks through our forests and peatlands, which could generate significant revenue through carbon credits. For example, Kenya’s Kasigau Corridor REDD+ Project has earned millions for local communities through carbon trading.
However, we must be cautious. Some carbon market projects have faced criticism for displacing local communities or failing to deliver promised benefits. For carbon markets to truly benefit Africa, we need:
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