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Dubai’s Firm Inks $1.5B Carbon Credit Deal with Zimbabwe
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Dubai’s Firm Inks $1.5B Carbon Credit Deal with Zimbabwe

A Dubai-based company, Blue Carbon, inked a deal with Zimbabwe to create carbon credits from offsetting projects in the African country involving almost a fifth of its total landmass.  The two parties signed a memorandum of understanding (MoU) worth $1.5 billion to fund forest protection and rehabilitation projects. The carbon sequestered of the forests will...