Page 13 - AfrElec Week 46 2021
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AfrElec CARBON CREDITS AfrElec
Projects in Africa retire over 63mn
voluntary carbon credits
AFRICA OVER 63mn voluntary carbon credits have been use to the local population and toreduce emis-
retired by projects in African countries, with for- sions from deforestation and forest degradation.
estry and land-use activities accounting for more It is tied to providing alternatives to wood
than half of transactions. harvested from natural forests, new sources
Data compiled by London-based Allied- of revenue, improving social, educational
crowds shows that the countries with the most and health related services, improving natu-
offsetting transactions are Kenya, Democratic ral resource management and ensuring major
Republic of Congo (DRC), Zimbabwe, Mada- benefits are sustained beyond the lifetime of the
gascar and Zambia. project.
Together, the five countries retired 37mn plus “Kasigau Corridor REDD+ Project Phase II
tonnes of carbon dioxide equivalent (CO2e) The Community Branches of Kenya retired a
from 2011 to 2021. Kenya leads with 10,163 total of 4.8mn. This project focuses on protecting
transactions, followed by the DRC (6,021 trans- 500,000 acres of endangered Kenyan forest and
actions), Zimbabwe (5,613 transactions), Mad- wildlife,” Zhang of Alliedcrowds said.
agascar (3,815 transactions) and Zambia (3,101 She said the goals are to avoid deforesta-
transactions). tion within the project boundary, provide new
Alliedcrowds carbon regulatory analyst sources of revenue and provide alternatives to
Jenna Zhang said in a market update that the subsistence agriculture.
five countries also host 296 projects within the Sustainable Deployment of the Life Straw
continent, of which 138 are currently active. Family in rural Kenya retired a total of 4.3mn
“The top three projects within the continent credits. The project provides clean and safe
take place within Zimbabwe and Kenya. The drinking water to over 4mn rural Kenyans
Kariba reducing emissions from deforestation through a special microbiological filter.
and forest degradation plus (REDD+) project of The filter increases the supply of safe water
Zimbabwe has retired a total of 14.1mn credits in and decreases the demand for electricity and
the last decade,” she said. firewood for treating water. The oroject is veri-
The project focuses on protecting 785,000 fied to accomplish the sustainable development
hectares of forests and wildlife by focusing on goals (SDGs) of climate action, life on land, good
community impact. The goal is to ensure sus- health and well-being.
tained availability of wood supply for domestic
Week 46 18•November•2021 www. NEWSBASE .com P13
