Dubai-based Blue Carbon aims to acquire rights to develop carbon credits in African forests, with deals potentially involving significant land areas in Liberia, Zimbabwe, and other nations. This has raised concerns over inadequate community consultation, vague promises, and risks to local livelihoods. Critics argue that such deals may prioritize investor profits over environmental and social justice, echoing historical exploitation patterns. As countries race to secure carbon credits to meet climate targets, the transparency and fairness of these transactions are under scrutiny, with calls for stronger frameworks to ensure genuine climate benefits and respect for local communities’ rights.
Countries might soon be able to trade emission reductions with other governments, but experts warn the market is already being exploited in developing countries
Source: The looming land grab in Africa for carbon credits