Africa Carbon Markets Initiative launched to dramatically expand Africa’s participation in voluntary carbon market

The new Africa Carbon Markets Initiative (ACMI), which was inaugurated at CO27, aims to support the growth of carbon credit production and create jobs in Africa. As part of the launch today at COP 27, the following announcements were made: ACMI’s ambition is for the growth of African voluntary carbon markets to: Produce 300 million carbon credits annually by 2030, and 1.5 billion credits annually by 2050. Unlock 6 billion in revenue by 2030 and over 120 billion by 2050. Support 30 million jobs by 2030 and over 110 million…

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