The Africa Carbon Markets Initiative (ACMI), a venture to develop a thriving voluntary carbon market ecosystem in Africa, launched during the recent COP27 climate summit. The scheme aims to produce 300 million carbon credits, unlock $6bn in revenue and support 30 million jobs by 2030, and to generate significant revenue for local communities within Africa. Joseph Nganga, vice-president for Africa at the Global Energy Alliance for People and Planet, and member of the ACMI steering committee, talks to The Banker about this ambitious new initiative.
Q: What are the ACMI’s key objectives?
