World Bank approves $4m grant to boost access to funds earned from carbon credits

[ad_1] The World Bank and Solidaridad West Africa (SWA) – leading implementation agency for Ghana signed a grant agreement for a US$4 million project to boost social inclusion in the sharing of benefits generated within the Ghana Cocoa Forest Reducing Emissions from Deforestation and Forest Degradation (REDD+) Program (GCRP). By directly engaging 20,000 farmers from…

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Jospong makes another international entry, signs $1bn MoU with EKI Energy on carbon credit

[ad_1] The Jospong Group of Companies (JGC) has signed a mouthwatering Memorandum of Understanding (MoU) with EKI Energy Services Ltd, with the aim of catalyzing carbon credit development in Ghana. This strategic collaboration seeks to mobilize an impressive USD1 billion in carbon credit financing, with a commitment to creating over 1000 job opportunities by 2030…

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Carbon Credits: $82bn at stake for Ghana, other African countries – UNECA

[ad_1] Ghana and other African countries could potentially generate around $82 billion annually from carbon credits, as indicated by the United Nations Economic Commission for Africa. The commission is urging African member states, currently convening at the 2023 United Nations Climate Change Conference COP 28 in Dubai, to establish a fully-fledged carbon market. This market…

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CSE investigative report reveals deep flaws in voluntary carbon credit market

[ad_1]   As the world anticipates discussions on regulating the carbon market at the upcoming Dubai UN 28th climate conference, an eye-opening investigation by the India-based Centre for Science and Environment (CSE), has unveiled the murky world of voluntary carbon credits trading. The report, titled “Discredited: The Voluntary Carbon Market in India,” was unveiled during…

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