Monday, December 05, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Rwanda to venture into the carbon credit market


Rwanda to venture into the carbon credit market

Kigali, Aug 29 (Prensa Latina) Rwanda will venture into the carbon credit market in order to raise funds to address climate change, environmental management authorities said today.

The idea is to take advantage of the trading scheme of credits, which are obtained by reducing emissions, to sell them to public or private entities unable to meet the reduction requirements.

These mechanisms support the transfer of emissions between countries and at the same time encourage the private sector to invest in climate-friendly solutions, explained Faustin Munyazikwiye, deputy director general of the Rwanda Environmental Management Authority.

Rwandan authorities intend to use these funds to increase the country’s forest cover – currently 30.4 percent – and grow the economy sustainably.

Carbon credit trading is regulated globally through the United Nations Framework Convention on Climate Change and has its origins in 1997, when the Kyoto Protocol established carbon as a tradable commodity.

Africa emits less than three percent of global gases into the atmosphere, yet countries such as Rwanda aim to reduce their emissions by 38 percent by 2030.


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.