Conservationists Seek Incentives for Carbon Offsetting
- csrice8
- May 28, 2017
- 1 min read
Enactment of new policy and regulatory incentives coupled with better governance are key to stimulate growth of carbon trading in Africa, conservationists said on Friday.
The conservationists who attended a regional conference on sustainable forest management in Entebbe said that revival of the moribund carbon markets in Africa will spur economic growth while enhancing the continent's resilience to climate change.
Kevin Enongene, a Cameroonian environmentalist noted that carbon trading in Africa has potential for growth subject to political stability, regulatory reforms and capacity development.
"African countries should establish mechanisms to revitalize emissions trading in order to create new green jobs. Investments in large scale carbon trading projects will unleash more benefits to private firms and communities," Enongene said.
jbdodane