logoBC
Yaoundé - 07 February 2023 -
Environment

Cameroon wants to tap into the carbon market

Cameroon wants to tap into the carbon market
  • Comments   -   Friday, 28 October 2022 07:13

(Business in Cameroon) - The government of Cameroon is developing a strategy to earn money on the carbon market starting in 2023. Last October 25 in Yaoundé, the Minister of Finance, Louis Paul Motazé (pictured), chaired a workshop to discuss the issue with authorities.

"Our plan is to assess our current situation, identify solutions and implement them to finalize the carbon market entry process," the official said. The carbon market is a system in which carbon rights are traded in the same way as financial securities. The least polluting countries or companies sell their rights to the most polluting ones.

However, achieving this goal requires certain prerequisites. The most urgent for Cameroon is the establishment of its carbon balance sheet, which allows estimating the amount of carbon stored by the country, following various climate-friendly measures. For the time being, we learned, the carbon assessment, which conditions access to green financing, is only available for two of the five agroecological zones of the country.

Let's note that Cameroon can boast of being a country located in the Congo Basin, the second largest forest in the world after the Amazon in South America.

BRM

british-oriole-resources-confirms-lithium-discovery-in-cameroon
British mining company Oriole Resources confirmed this week the discovery of lithium pegmatites in the Adamaoua and Littoral regions of...
cameroon-adc-enters-the-regional-stock-exchange
State company Aéroports du Cameroun announced it is entering the regional stock market (Bvmac), becoming the first state-owned company to do so. The...
cameroon-welcomes-a-delegation-of-british-investors
Cameroon welcomed this week a delegation of British economic operators, who came to explore investment opportunities in the country.  According to...
orange-cameroon-approves-cfa150bn-expansion-investment
Orange Cameroon announced an investment plan of CFA150 billion to expand and upgrade its network over the next five years. Patrick Benon, the Managing...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »