This week, Victoria Falls City will host the inaugural Africa Voluntary Carbon Credits Market Forum, organized by Africa Voluntary Carbon Credits Market (AVCCM).
The event’s main goal will be to unite African carbon market participants, come up with new ideas and allow businesses from across the continent to learn more about the opportunities and potential of an African Voluntary Carbon Credits market.
Held under the motto “Accelerating Africa into the Climate Economy”, the forum will welcome about 400 delegates, with four main directions for discussion planned.
The first and perhaps most ambitious is the creation of a single register of carbon credits that will be Pan-African and available for trading on the Victoria Falls Stock Exchange (VFEX).
The second point is enriching the work of the Victoria Falls International Financial Services Centre by promoting voluntary carbon market services, followed by the topic of enabling the exchange of information, experiences, and opportunities regarding carbon credits among different stakeholders within the Victoria Falls International Financial Service Centre.
Relevant: Zimbabwe Government To Take Control Of CO2 Credits Trade
Last but not least, organizers hope to raise awareness among African residents about emissions reduction and how that can be beneficial to them, as well as a way to combat climate change.
Recently the government of Zimbabwe announced it will be taking back control of its carbon market, voiding previous arrangements. The country sees serious potential in this area with ~30% of its land dedicated to wildlife and nature conservation and planet-forward zero-tillage farming principles.
The event is expected to culminate in the signing of a memorandum of understanding (MoU) between key stakeholders establishing the Pan-African Voluntary Carbon Credit Register and the Victoria Falls Stock Exchange Carbon Market.
Read more: Tanzania Working On The Largest Carbon Offset Project In Africa
