Rwanda developing framework for carbon market
Rwanda is developing a framework that will open the carbon market. This is according to Rwanda’s Ministry of Environment. Minister of Environment, Jeanne d’arc Mujawamariya spoke to CNBC Africa for more.
Fri, 24 Feb 2023 10:14:47 GMT
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AI Generated Summary
- Rwanda is actively engaged in both adaptation and mitigation efforts to address climate change impacts, with a strong focus on community involvement.
- Adaptation projects like the Green Gichombi and Green Amayaga initiatives are pivotal in helping Rwandans adjust to climate change, while ensuring that the benefits are maximized for the population.
- The country is also developing a framework for the carbon credit market to assess its potential in this sector, enabling Rwanda to enter the market well-prepared and with a clear understanding of the value of its carbon credits.
Rwanda's Ministry of Environment is spearheading efforts to pave the way for the opening of the carbon market within the country. Minister of Environment, Jeanne d’arc Mujawamariya, emphasized the importance of both adaptation and mitigation programs in combating the effects of climate change. The nation is committed to engaging the entire society in these efforts from the government to the private sector and civil society. Mujawamariya underlined the necessity of adaptation projects such as the Green Gichombi and Green Amayaga initiatives to help Rwandans adjust to climate change impacts. Furthermore, she highlighted the significance of developing a people-centric approach to these programs to ensure community ownership and maximum benefits. In addition, Rwanda is currently working on establishing a framework for the carbon credit market, aiming to assess the nation's potential in this area and ultimately position itself as a key player in the market. This strategic move will empower Rwanda to determine the value of its carbon credits and negotiate fair prices in the global market.
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