Carbon Colonialism? Why Carbon Credits Won’t Necessarily be Good for Africa.

Carbon Colonialism? Why Carbon Credits Won’t Necessarily be Good for Africa.

From November 30 to December 12, this year, delegates from nearly 200 countries across the globe, leaders of business and finance, and representatives of civil society gathered in Dubai for the COP28 climate conference, with the aim of fast-tracking the transition to a clean-energy future. 

The climate conference was expected to stress the importance of collective action to stop climate change and the critical role of finance in the low-carbon transition.

In the wake of this quintessentially significant global summit, social media platforms in Tanzania were awash with news of agreements entered between the Emirati Company (Blue Carbon LLC) and the Government of Tanzania for carbon credits trading. 

According to the BBC News Channel, Tanzania has signed a deal for one of East Africa’s biggest land-based carbon credit projects in what is estimated to cover about six national parks, spanning 1.8 million hectares (4.4 million acres). 

The report raised a number of profoundly disturbing questions and eyebrows as to whether this is not “greenwashing”, or perhaps, yet again a new form of colonialism, disguised as a collective global effort to save the world from the supposedly impending climate disaster. 

Read more: thechanzo.com

Photo: thechanzo.com

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