The untapped potential of African voluntary carbon markets presents a promising avenue to drive demand for carbon credits and support innovative projects through the Africa Carbon Markets Initiative (ACMI),” the report stated. “With this new report, we hope to inspire African entrepreneurs and businesses, especially audacious first movers, to engage in green growth and contribute to sustainable development goals”. – Marine and coastal tourism presents tremendous opportunities for sustainable development in Africa, with potential value-added of over $100 billion by 2030. – An annual funding gap in climate financing of $213.4 billion offers innovative investors a chance to make an impact by building Africa’s climate resilience. – Initiatives such as the African Carbon Market Initiative (ACMI) and the Taskforce on Scaling Voluntary Carbon Markets (TSVCM) recommend regional and global actions to scale the supply and demand for high-integrity carbon credits.

Source: News Business Ethiopia August 18, 2023 20:11 UTC