Zimbabwe Forestry Commision considering exploiting Carbon Credit Funds

HARARE, Jan 25 (NNN-NEW ZIANA) — Zimbabwe’s Forestry Commission is weighing the economic benefits of maintaining forests to qualify for investment under the Clean Development Mechanism of the Kyoto Protocol on Climate Change, says the commission’s Information and Communication Manager, Abedinigo Marufu.

He told New Ziana here over the weekend that the commission was still considering signing up to the facility, intended to promote projects that mitigate climate change. “Right now we are carrying out a cost-benefit analysis so that we can assess the benefits of the carbon credit scheme,” he added.

Marufu said the analysis would be completed by the end of this month. The Kyoto Protocol to the United Nations Framework Convention on Climate Change sets binding targets for 37 industrialised countries and the European Union (EU) for reducing greenhouse gas emissions.