UAE to tap Zambia forestry for carbon credits

Two governments sign MoU allowing UAE to develop forestry-based projects in the African country

The UAE has signed a memorandum of understanding with Zambia to develop forestry-based carbon removal projects in the African country to generate carbon credits. The agreement falls under Article 6 of the Paris Agreement, which allows international trade in carbon credits used to meet countries’ targets set out in their Nationally Determined Contributions. The UAE has signed the agreement via Blue Carbon, a state-owned company set up to drive forward international carbon removal projects. Zambia is a unique treasure trove of natural resources, rich with vast forests that act as natural carbon sinks Blue Carbon will identify and implement strategies for Zambia's forest landscapes to g