CARBON MARKETS

Carbon Market Activity

Carbon Market Activity Update

The Ministry of Green Economy and Environment is responsible for regulating Carbon Markets in Zambia and has initiated efforts to align the country’s carbon market activities with international carbon crediting mechanisms including Article 6 of the Paris Agreement to ensure the highest standards of integrity and transparency.

Zambia’s Carbon Market activities can be divided into 3 categories:

Article 6.2 | Article 6.4 | Voluntary Carbon Markets (VCM)

Article 6.2

A Carbon Market mechanism which facilitates for two or more countries to trade verifiable and authorised emission reductions through Bilateral Agreements. The Government of Zambia may enter into Bilateral Agreements with buyer countries, together they may identify and select eligible and authorised projects for emission trading under the umbrella of the agreement

Article 6.4

A new international Carbon Market mechanism, the Paris Agreement Carbon Mechanism (PACM), that facilitates for countries and or private sector/companies to trade verifiable and authorised emission reductions under the supervision of the UN Framework Convention on Climate Change (UNFCCC).

Voluntary Carbon Markets

An unregulated carbon trading and investment platform which facilitates for companies to voluntarily trade non-authorized and authorized emission reductions under the supervision of a Voluntary Carbon Standard.