Major carbon credit standard pauses issuance in Zimbabwe

The Gold Standard has paused the issuance of carbon credits in Zimbabwe until it learns more about government’s plants to take a share in their carbon credit project revenue. The country’s position on credits and its ambitions in the market has been brought into question following the donation of 2 million carbon credits to its new carbon exchange a few weeks ago by a Belarusian group. The group was represented at the conference by former South African President Jacob Zuma, who is currently on trial for corruption. The credits are from a Siberian forestry project from between 2008-2012, the integrity of which has been cast into question. A representative of the exchange later confirmed that the platform would only trade credits from African countries and not any other jurisdiction.

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