Harare - In a landmark development for climate action, the United Arab Emirates' Blue Carbon and the Government of Zimbabwe have joined forces to pioneer forest emission reduction projects under the Paris Agreement's Article 6 ITMO framework.
The project agreement was signed in Harare at a ceremony witnessed by President Emmerson Mnangagwa and Chairman of Blue Carbon, Sheikh Ahmed Dalmook Al Maktoum.
This venture will not only unlock economic opportunities for Zimbabwe through carbon credit revenues but also ushers in a multitude of socio-economic benefits derived from the project investments. As the world eagerly anticipates COP28, this historic partnership marks a significant milestone in the critical operationalization of the Paris Agreement's Article 6, highlighting the crucial role of the private sector in ramping up ambitions and facilitating the achievement of Net-Zero and climate goals.
The company also offers instrumental expertise through end-to-end development and facilitation services for nature-based carbon projects.
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