Zimbabwe has launched a blockchain-enabled carbon credit registry to enhance transparency and restore investor trust after previous disruptions in the carbon credit market. In 2023, the country faced backlash for abruptly canceling projects and claiming a portion of proceeds, affecting developers like the Kariba Redd+ Project. Authorities have since established the Zimbabwe Carbon Markets Authority to oversee carbon credit project registrations. The new registry, developed by Dubai-based A6 Labs, is touted as the first of its kind globally and allows for fully traceable transactions, ensuring the integrity of the carbon market. Zimbabwe, a significant producer of carbon credits in Africa, aims to regulate the industry more effectively, with developers required to apply and meet specific criteria to participate.
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