Publication - Carbon Markets in Africa: An Overview
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Title
Carbon Markets in Africa: An Overview
Publisher
Centre for Science and Environment
Author
Trisant Dev
Published in
September 2024
Abstract
Historically, Africa had a limited presence in the global carbon market – only 3 per cent of CDM’s carbon credit projects originated from Africa as of 2022. But with the growth in voluntary carbon markets, the region is seeing a surge. In 2024, one-fifth of the projects listed in top carbon market registries have been coming from Africa, with the bulk of them focused on two main areas: forestry and land use, and community-based projects, particularly those involving household devices like improved cookstoves. This briefing paper offers a quick bird’s eye view of this emerging carbon market in the continent.
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