World Bank Warns of Inequality in Africa's Carbon Credit Markets
peopledaily.digitalA new World Bank report highlights a growing divide in the global carbon market. While East African nations like Kenya, Tanzania, and Uganda are becoming hubs for nature-based offsets, the financial rewards remain concentrated in wealthy nations. Local communities often see little of the profit from the forests and mangroves they protect. As demand for high-integrity credits rises, the report emphasizes that project quality and transparent governance are essential. Without better revenue-sharing models, there is a risk that developing economies will serve as cheap offset suppliers for polluting corporations without achieving real local economic benefit.
