African Nations Take Big Swing to Rule Global Offset Market

As home to the world’s second-biggest rainforest, the largest tropical peatlands, and swathes of mangroves, governments across the African continent appear to be in a good position to benefit from the growing global trade in emissions offsets.

Right now, however, they barely do. And that’s something they want to change.

During a conference last week in southern Africa, Malawi and Zambia confirmed they will follow Zimbabwe’s lead and demand that a share of revenue from carbon offset projects on their territory go to state coffers. Zimbabwe in May roiled the industry by announcing overnight that 50% of all revenue from ...