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Zimbabwe Turns to Blockchain to Revive Carbon Credit Investor Confidence

BBG News

Oh, Zimbabwe, ever the star of the carbon credit scene, has decided to make a dramatic return to the stage. This time, they’re strutting onto the catwalk with a blockchain-enabled carbon credit registry, a dazzling new tool to restore transparency and—dare we say—rebuild some shattered investor confidence after a not-so-glamorous performance last year. You see, in 2023, the country rather cheekily canceled projects, claimed a slice of the profits, and generally left developers like the Kariba Redd+ Project feeling quite disgruntled.

But fear not, dear investors! Zimbabwe has come to its senses. Enter the Zimbabwe Carbon Markets Authority, that noble body established to oversee carbon credit project registrations with all the elegance of a finely tailored suit. As for the new registry? It’s being hailed as the first of its kind in the world, thanks to the fine minds at Dubai-based A6 Labs. The promise? Fully traceable transactions that will keep the carbon market as pristine as a freshly laundered handkerchief. Yes, it’s all very glamorous.

And let’s not forget that Zimbabwe is a major carbon credit producer in Africa—how delightful! Naturally, the authorities are now keen to regulate the industry with a precision that would make a Swiss watchmaker proud. Developers will have to jump through some hoops, apply, and meet certain criteria to get involved. After all, this isn’t a free-for-all; it’s the carbon credit game, darling.

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2025-05-12 09:00

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