https://en.sputniknews.africa/20241028/brics-common-carbon-market-russias-vision-for-climate-and-economic-gains-for-africa-1068917123.html
BRICS Common Carbon Market: Russia’s Vision for Climate and Economic Gains for Africa
BRICS Common Carbon Market: Russia’s Vision for Climate and Economic Gains for Africa
Sputnik Africa
Russia's Industrialists and Entrepreneurs Union's initiative to integrate African nations into a BRICS unified carbon market could boost the continent's role... 28.10.2024, Sputnik Africa
2024-10-28T16:45+0100
2024-10-28T16:45+0100
2024-10-28T16:45+0100
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BRICS Common Carbon Market: Russia’s Vision for Climate and Economic Gains for Africa
Sputnik Africa
Russia's Industrialists and Entrepreneurs Union's initiative to integrate African nations into a BRICS unified carbon market could boost the continent's role in global emissions trading and increase access to investment and green tech, addressing infrastructure and resource gaps that have limited Africa's carbon market gains.
Through carbon markets, companies and countries can buy and sell carbon credits to offset emissions and drive collective efforts to reduce greenhouse gases. By linking financial gains to emission cuts, this system aims to balance economic growth with environmental responsibility, remarks Dr. Mao Amis, Executive Director at the African Centre for a Green Economy (AfriCGE), during an interview with Sputnik Africa.To find out what else our guests had to say, tune in to the African Currents podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Pocket Casts, Afripods, Podcast Addict.► Check out all the episodes of African Currents.
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BRICS Common Carbon Market: Russia’s Vision for Climate and Economic Gains for Africa
Russia's Industrialists and Entrepreneurs Union's initiative to integrate African nations into a BRICS unified carbon market could boost the continent's role in global emissions trading and increase access to investment and green tech, addressing infrastructure and resource gaps that have limited Africa's carbon market gains.
Through carbon markets, companies and countries can buy and sell carbon credits to offset emissions and drive collective efforts to reduce greenhouse gases. By linking financial gains to emission cuts, this system aims to balance economic growth with environmental responsibility, remarks Dr. Mao Amis, Executive Director at the African Centre for a Green Economy (AfriCGE), during an interview with Sputnik Africa.
"Essentially, a common carbon market is basically a system where carbon credits can be traded between various parties in an endeavor to reduce greenhouse gas emissions [...]. And one of those key drivers of global warming is CO2 emissions from our current economic model, where our way of producing goods and services is emitting a lot of carbon dioxide into the atmosphere [...]. And one of those mechanisms that is geared toward enabling greenhouse gas emissions to be reduced is this idea of carbon trading, where businesses, companies, and so on that would like to reduce their emissions into the atmosphere can find a way of how they can trade those emissions with another entity," Amis says.
To find out what else our guests had to say, tune in to the African Currents podcast, brought to you by Sputnik Africa.
In addition to the website, you can also catch our episodes on
Telegram.► Check out all the episodes of African Currents. 
