Zimbabwe Carbon Association (ZCA)

📜 Policy Update: Zimbabwe Takes Major Step Towards Article 6 Readiness On Thursday, July 11th 2024, the Ministry of Environment, Climate and Wildlife issued a press statement outlining the country's ambitious program to establish itself as one of the first Parties to the Paris Agreement to achieve full Article 6 Readiness. Article 6 of the Paris Agreement is a critical component that seeks to raise global climate ambition through market-based mechanisms. By achieving Article 6 readiness, Zimbabwe aims to fully engage in the international compliance carbon market, guaranteeing the best possible financial returns, full alignment with national development objectives, and an improved investment climate. The key elements of Zimbabwe's Article 6 readiness plan include: - Conducting a full readiness and needs assessment - Developing an Article 6 Action Plan - Formulating Zimbabwe's Article 6 Policy and Carbon Market Strategy - Establishing a state-of-the-art carbon registry - Creating detailed Measurement, Reporting, and Verification (MRV) guidelines,and - Launching a cutting-edge online portal for project developers, the public, and investors This comprehensive approach demonstrates Zimbabwe's commitment to ensuring transparency, accountability, and environmental integrity in its carbon trading activities. By aligning this with the forthcoming Climate Change Management Bill, the government is positioning the country as a global leader in the fight against climate change. The press statement also provides reassurance that all existing and new projects will benefit from the improved regulatory environment, contributing to Zimbabwe's sustainable development goals and Vision 2030 to become an upper-middle income economy.

Charting a Course Through the Carbon Market Maze - This newsletter explores the key differences between the regulated compliance carbon market and the voluntary market, with a deep dive into the critical role of verification in ensuring the integrity of carbon credits. #CarbonMarket #CarbonCredits #Sustainability #ClimateAction #ESG #GreenBusiness #VoluntaryCarbon #ComplianceCarbon #CarbonVerification #CarbonOffsets

In our previous posts, we explored the relationship between carbon credits and carbon offsets, unpacking the key differences between these two important concepts. Now, let's dive deeper into the world of #carbonmarkets - the platforms where these carbon credits are bought, sold, and traded. The aim of carbon markets is to reduce CO2 emissions by establishing a price on pollution and incentivizing climate action. There are two main types of carbon markets: 1. Compliance markets: These are regulated markets, often established by government policies, where emitters must acquire and surrender "emission allowances" (which are the same as carbon credits in this context) to cover their emissions. Compliance markets generally operate on the "cap-and-trade" principle, where a cap is set on the total amount of greenhouse gases (GHGs) that can be emitted. Companies that exceed their allotted emission allowances must purchase additional allowances (carbon credits) from those who have a surplus. The best-known and largest compliance market is the EU's Emissions Trading System (ETS), but similar schemes exist in China, Japan, Mexico, the US, and other regions. Compliance markets are valued at over $850 billion and cover around one-fifth of global GHG emissions. 2. Voluntary markets: These markets do not involve direct regulatory oversight but enable entities and individuals to purchase "carbon offsets" to voluntarily compensate for their carbon footprint. Carbon offsets represent the reduction, removal, or avoidance of one tonne of CO2 equivalent (tCO2e) and are usually sold by project developers engaged in activities that prevent GHG emissions or actively remove GHGs from the atmosphere. Voluntary markets are currently valued at approximately $2 billion but are expected to surge to $50 billion by 2030 and reach $250 billion by 2050. It's important to note that offsetting efforts should primarily target emissions that cannot be avoided or reduced. The foremost priority should be to avoid emitting GHG emissions wherever possible, followed by reducing GHG emissions that cannot be avoided. Purchasing carbon offsets should not be seen as a "get-out-of-jail-free" card that allows continued or increased pollution. Both the compliance and voluntary markets play a crucial role in the global effort to mitigate climate change. The compliance market provides a regulated and mandatory framework for emissions reductions, while the voluntary market allows for more diverse and innovative climate solutions to be developed and financed. #CarbonMarkets #CarbonCredits #CarbonOffsets #EmissionAllowances #CapAndTrade #ClimateAction #Sustainability #NetZero #GreenFinance #GreenEconomy #ClimateChange #GreenInvestment #ESG

Are carbon credits and carbon offsets the same thing? The relationship between a carbon offset and a carbon credit is quite closely linked. Let's break it down: A carbon credit and a carbon offset are not exactly the same thing, but they are closely related and often used interchangeably. A #carboncredit is the actual certificate or permit that represents the removal or reduction of one ton of carbon dioxide (CO2) or other greenhouse gas emissions. It's a standardized unit that can be traded on carbon markets. On the other hand, a #carbonoffset is a mechanism or project that generates these carbon credits. Offsets are specific activities or initiatives that remove, reduce, or avoid greenhouse gas emissions, such as renewable energy projects, reforestation efforts, or methane capture programs. So in summary: - Carbon credits are the tradable units that represent emissions reductions. - Carbon offsets are the actual projects or activities that generate those carbon credits. When an organization or individual wants to offset their carbon footprint, they purchase carbon credits from offset providers. These credits are then "retired" or removed from the market, effectively neutralizing the equivalent amount of emissions. The key connection is that carbon offsets are the source of the carbon credits. Without the offset projects generating emissions reductions, there would be no credits to trade and use for offsetting. It's an interdependent relationship - offsets create the credits, and credits provide the mechanism for monetizing and trading the emissions reductions achieved through offset projects. Understanding this distinction between credits and offsets is crucial as we dive deeper into the world of carbon accounting and climate action. #carboncredits #ZimbabweCarbon #ZCA #Zimbabwecarboassociation #CarbonCredits101 #GreenZimbabwe #EmissionsReduction #ClimateActionZW #SustainabilityStrats #ZimGreenEconomy #ZimBusinessGoGreen #ZWCarbonOffsetting #ZimEnvironment"

As the Zimbabwean Carbon Association, we've been flooded with questions about carbon credits and their ecosystem, so we decided to take matters into our own hands and create a Carbon Credits 101 segment.Through this segment, we will gradually introduce and explain associated concepts. You are welcome to join us every week to expand your knowledge. This will serve as your guide to becoming a certified carbon credit connoisseur. Let's start with the basics: A carbon credit is like a permit or certificate that represents the removal or reduction of one ton of carbon dioxide (CO2) from the atmosphere. Companies or individuals can buy these credits to offset their own carbon emissions. Here's a breakdown of the key points in simpler terms: 1. Permit/Certificate: A carbon credit is a kind of document or digital record that proves a certain amount of greenhouse gas emissions have been avoided or removed. 2. One ton of CO2: This is the standard unit of measurement for a carbon credit. It's the equivalent of the amount of carbon dioxide that would fill a small room. 3. Offset emissions: When a company or person buys a carbon credit, they are essentially paying for someone else to reduce or remove an equal amount of CO2 that they themselves have emitted. This helps "offset" their own carbon footprint. 4. Greenhouse gases: Carbon dioxide is the main greenhouse gas that contributes to climate change. But other gases like methane and nitrous oxide can also be reduced and converted into 'carbon dioxide equivalents' (CO2e) to account for their global warming potential. So, there you have it - the not-so-secret secrets of carbon credits. #carboncredits #ZimbabweCarbon #CarbonCredits101 #GreenZimbabwe #EmissionsReduction #ClimateActionZW #SustainabilityStrats #ZimGreenEconomy #ZimBusinessGoGreen #ZWCarbonOffsetting #ZimEnvironment"

Shaping Zimbabwe's Climate Future 🌍💨 As the leading voice on carbon issues in Zimbabwe, the Zimbabwean Carbon Association was proud to participate in the crucial stakeholder consultations on the Climate Change Management Bill and carbon trading framework held in Harare yesterday. The engagement session brought together a diverse range of stakeholders, from government agencies to private sector players and civil society organizations. Some of the key outcomes and principles discussed include: 🗣️ Ensuring the Bill adequately cross-references and aligns with existing legislation, such as the Parks and Wildlife Act, to address intersectionality with biodiversity. ⚖️ Emphasizing the principle of Common But Differentiated Responsibility, with a focus on just energy transition and equity. 📊 Strengthening the Measuring, Reporting and Verification (MRV) framework, including standardized data collection and transparency in emissions tracking. 💰 Establishing an independent and transparent National Climate Fund to channel climate finance, with a focus on adaptation, loss and damage, and just transition. 🏫 Incorporating climate change education and youth engagement into the policy, as well as recognizing indigenous knowledge systems. 🚨 Reviewing the penalty structure to ensure a balance between punitive measures and incentives for climate-positive actions by companies. The road ahead is full of promise - As the Zimbabwean Carbon Association, we are committed to actively collaborating with policymakers and industry stakeholders to ensure a strong, inclusive, and sustainable carbon trading framework in Zimbabwe! 🇿🇼🌳 #ClimateAction #CarbonTrading #Zimbabwe

Dear ZCA Members and Stakeholders, Thank you to all who attended our recent ZCA Extraordinary General Meeting - your presence and contributions were invaluable. For those who couldn't make it, the meeting minutes will be shared in due course. I'd like to take a moment to congratulate two outstanding individuals who have taken on new roles within the association: ✨ A resounding round of applause to Jackson Godfrey Mungoni, who has been elected as the new Vice Chairman of the Zimbabwean Carbon Association. We're thrilled to have your leadership and expertise guiding us forward. 🎉 A warm welcome to Tapiwa Chizana, who has joined the ZCA Executive Committee. Tapiwa will be spearheading our resource mobilization efforts, and we're excited to leverage his vast industry experience. With these new additions to our team, the ZCA is poised to elevate its impact and drive even greater progress in Zimbabwe's carbon and sustainability landscape. Thank you all for your continued support and dedication to the association. Together, we will continue to shape a greener, more sustainable future for our nation.

Dear members and stakeholders, As an organization dedicated to transparency and accountability, we would like to propose the convening of an Extraordinary General Meeting (EGM) on May 20th of 2024. The primary objective of this EGM will be to provide a comprehensive overview of the circumstances surrounding the resignation of the Vice Chairwoman, and to offer an opportunity for our members to express any concerns they may have. The agenda for this EGM will include updates on the Voluntary Carbon Market and the Corresponding Adjustments Framework, as well as the election of a new Vice Chairwoman. Additionally, we will address the concerns raised in the public resignation. However, the agenda will not be limited to these items, as we aim to provide a platform for open and transparent dialogue on any other matters our members wish to discuss. By facilitating this inclusive forum, the Zimbabwe Carbon Association remains steadfast in its commitment to addressing this matter proactively. We strongly encourage all our members to participate in the EGM on May 20th from 1400 to 1600 at The Bronte Garden Hotel, 132 Baines Avenue Corner Simon Muzenda Street Harare. Thank you for your attention to this important matter. https://lnkd.in/dY6TvjUF

🌍 Kenya Carbon Credits Conference - Wrap-Up Session Highlights! 🌿 Yesterday, we wrapped up an incredible journey at the Kenya Carbon Credits Conference, and it was a day bursting with game-changing insights and inspiring discussions. Here's a sneak peek into the memorable moments from the wrap-up session: 1. Powering Local Partnerships: We delved into the challenge of rallying local financial institutions to support private sector projects, emphasising the need for stable pricing and clear regulatory frameworks. Let's ignite local support for sustainable ventures! 2. Africa's Carbon Quest: Africa's potential in reaping carbon revenues took center stage, reminding us that policy-driven strategies are the driving force behind successful carbon ventures. Let's lead the charge for Africa's carbon success story! 3. Green Innovation Galore: The spotlight shone on the private sector's role in propelling green industrialisation and supporting trailblazing innovators. The buzz around carbon finance's impact on sustainable initiatives was truly electrifying! 4. Community Empowerment: We celebrated strides in community empowerment and nature-based solutions, emphasising the vital role of robust community consent. Let's keep championing communities and protecting our natural treasures! 5. Digital Marvels and Sustainable Agri-ventures: Digital tools and sustainable agriculture stole the show, unveiling a world of possibilities for transparent projects and carbon markets. Let's embrace the digital revolution for a greener tomorrow! 6. Transformative Carbon Strategies: The closing panel teased transformative strategies, including significant investments to fuel policy capacity and finance projects. Let's gear up to unlock a world of sustainable projects! Hats off to the organisers of the Kenya Carbon Credits Conference for curating an unforgettable experience! As the Zimbabwean Carbon Association, It was an honor to be part of the journey toward Carbon Market 2.0, where climate action meets development dreams.Bianca Gichangi, your invaluable insights are inspiring. It was a pleasure rubbing shoulders with you as a leader in the carbon space. #CarbonCraze #SustainableSafari #EcoEmpowerment #KenyaCarbonConference #ZimbabweanCarbonAssociation

🌿🚀 Reflecting on an Inspiring Day 1 at the Kenya Carbon Markets Conference! 🌍💡 Kicking off with a burst of energy, Kenyan officials set the tone with their ambitious goal of attracting $600 million annually by 2030 for climate finance. 🌟 Exploring the dynamic world of E-mobility in Kenya, we witnessed innovative solutions from #EMAK, #Roam, and #BasiGo, sparking discussions on opportunities and the crucial role of government support and financial sectors in driving progress. 🚗💨 Shifting gears to navigating Article 6 of the Paris Agreement and Voluntary Carbon Markets, industry experts like Dr. Anne Omambia and Hugh Salway shed light on themes of accountability, transparency, and community engagement, paving the way for "carbon markets 2.0." 💬 Throughout the day, key themes emerged—emphasizing the importance of accountability, integrity, and transparency in carbon market operations. Participants stressed the need to involve communities as stakeholders and ensure their voices are heard, with a spotlight on Free Prior and Informed Consent (FPIC) for community rights protection. The discussion on pricing dynamics sparked lively debates on carbon pricing variations and strategies to enhance pricing mechanisms across Kenya and the continent. Calls were made to strengthen data quality to mitigate reputational risks affecting African carbon credits. Africa's narrative ownership, effective communication of co-benefits, and clearer risk management strategies were highlighted for a sustainable approach. As conversations deepened, a consensus emerged on the transformative power of carbon finance in channelling climate funds to those most impacted by climate change. Balancing societal benefits with private gain emerged as a key challenge, underscoring the importance of policy consistency for positive environmental and social outcomes in evolving carbon markets. In the wise words of Hon. Pro. Njuguna Ndugu, "Climate change is intertwined with our development agenda," echoing the sentiment that carbon is more than just a commodity—it's a policy-driven force for change. 🌱💼 Join the conversation and share your insights from Day 1. Let's collaborate to achieve sustainable progress.Chiyedza Heri is available for an insightful discussion while on-site. Feel free to connect with her... 🌿🤝 #KenyaCarbonMarkets #ClimateAction #SustainableFuture #EcoInnovation #CommunityEngagement #ClimateFinance #CarbonMarketsEvolution #GreenTransition #SustainabilityJourney #Naturebasedsolutions #emobility #Zimbabwe #Kenya #CarbonFinance #NDC #Mitigation