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A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions.
THE government on Thursday signed a Memorandum of Understanding (MoU) with a Singapore-registered company to design Africa’s largest carbon offset project t ...
The project will also generate financial and economic benefits for the local communities by selling carbon credits on the international voluntary carbon market.
Tanzania entered into the lucrative carbon trade by signing a deal to create Africa’s largest and highest integrity carbon offset project.