Environmental advocates are opposing Africa‘s proposition to trade carbon credits with foreign nations.
Many companies and countries from abroad have agreed to spend a lot of money to buy carbon credits from the Africa Carbon Markets Initiative (ACMI). The United Arab Emirates, for example, promised to purchase $450m (£358m) worth of carbon credits.
But, organizations like Greenpeace Africa and Friends of the Earth Africa believe that purchasing carbon credits from Africa is not a real solution to climate change. They think it will actually make pollution worse because it allows polluters to balance out their emissions.
Putting money into carbon markets is not a good solution. GreenPeace Africa said that the true environmentally friendly investment can be found in renewable energy sources.
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Africa’s carbon markets were a big topic at the Africa Climate Summit in Nairobi, Kenya this week.
On Monday, Kenya’s President William Ruto mentioned that trading carbon credits is a beneficial solution. It can help reduce harmful emissions and also bring in money for Africa.
Restoring and growing Africa’s natural carbon storage areas is not only important for the environment, but it also has tremendous economic opportunities. Ruto said that if we lived in a fair world, they could absorb a lot of carbon dioxide, which should earn us a lot of money.
ACMI wants to help Africa’s carbon markets create 300 million carbon credits every year by 2030.
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Climate activists oppose sale of carbon credits in Africa
