Africa Climate Summit 2023: Continent should exploit carbon market potential to raise climate finance, say experts
Africa’s climate activists, however, criticised initiative, saying it will incentivise pollution, benefit fossil fuel companies
COP27: African countries launch ‘game-changing’ carbon credits initiative
Target to provide 300 million carbon credits every year by 2030
Africa Climate Summit 2023: African Carbon Markets Initiative to benefit fossil fuel companies, financial brokers, says report
Initiative has already attracted investors from the United Arab Emirates which has committed to buy $450 million of carbon credits