Dubai-Based Blue Carbon Signs MOU With Zimbabwe on Carbon Credits From Landmass - Bloomberg
Blue Carbon, a Dubai-based company, signed a memorandum of understanding with Zimbabwe to generate carbon credits from about a fifth of the African country’s 150,000 square-mile landmass.
The planned deal, which Blue Carbon Chairman Sheikh Ahmed Dalmook Al Maktoum said may bring $1.5 billion of climate finance into the country, was announced on Friday in Harare, Zimbabwe’s capital.
The deal, based on forest protection and rehabilitation, is the latest foray into Africa by Blue Carbon. The company is already working to produce the offsets from 10% of Liberia’s land.
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