Rwanda plans to set a carbon credit price floor

Rwanda intends to introduce a $30 floor price for carbon credits as a means of ensuring that credits are not sold below this value. It will also look to develop new technology focused projects and expand those that relate to forests, according to Rwanda’s Minister of Environment. She noted that there are entities that want to buy credits from Rwanda, with some waiting for the country to publish its national carbon framework. She said that the framework will be available by the end of August, adding that it will help the country to set prices for carbon credits. “We will set prices so that we are not on the losing end in terms of pricing,” she said, giving an example that “there is a country in Africa that sold a tonne [of carbon credit] for $8, which is a low price… But, for us, we cannot go below $30 a tonne of carbon credit.”

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