Zimbabwe takes control of carbon trading with new rules. The government created laws that grab a share of money from all carbon deals. Officials must check with communities before starting carbon projects. Zimbabwe made over 31 million carbon credits last year, but the government earned almost nothing from them. The new system gives officials more power to oversee these deals.
The rules take 33 percent of all carbon credits for government use. Money from these credits will help fight climate impacts across the country. Several government offices will watch how this money moves around. Officials promise clear records of where cash goes after collection. Experts worry that high fees might hurt the program.
Some fear the rules focus more on making money than fixing climate problems. Carbon trading gives Zimbabwe another way to raise cash. The country loses almost $2 billion each year to corruption. People want these new funds to reach places that suffer most from climate change.
The rules take 33 percent of all carbon credits for government use. Money from these credits will help fight climate impacts across the country. Several government offices will watch how this money moves around. Officials promise clear records of where cash goes after collection. Experts worry that high fees might hurt the program.
Some fear the rules focus more on making money than fixing climate problems. Carbon trading gives Zimbabwe another way to raise cash. The country loses almost $2 billion each year to corruption. People want these new funds to reach places that suffer most from climate change.
