At dawn, Peter Mudenda sets off in search of elephants in this remote Zimbabwean reserve near Lake Kariba. But here, wildlife conservation coexists with the sale of carbon credits.

The 49-year-old former farmer hung up his pickaxes and plough when this northern region of the country embarked on a vast forest protection project: “I was making a good living,” he tells AFP, “but I soon realized that there was more to be gained from a protected area.

The Kariba project, which covers 785,000 hectares of forest, has generated over 100 million euros from the sale of carbon credits since 2011. Now part of this windfall, unexpected in a dying economy, is likely to land in the coffers of the state, which wants to impose a 50% levy on revenues from carbon offset projects.

In recent years, carbon neutrality has become a global market on which companies and individuals can buy carbon credits from entities that eliminate or reduce their greenhouse gas emissions, by investing in renewable energies, mangroves or tree planting.

In the reserve, the program born of a partnership between a local company (Carbon green investment, CGI) and a Swiss-based carbon credit developer (South Pole) includes not only tree protection, but also beekeeping and ecotourism, involving local communities. Multinationals such as Nestlé and even Gucci have invested.

One credit is equivalent to one tonne of CO2. And this booming market, worth $2 billion today, could reach $10 billion by 2030, according to a report published this year by oil giant Shell and the Boston Consulting Group (BCG).

But recent scandals have shown that the world of carbon credits remains a far-west open to numerous possibilities of “greenwashing”, with some companies wishing to claim to be “carbon neutral” being accused of not following through on their commitments or announced investments.

– Radical approach” –
Many countries are seeking to regulate the sector, where exchanges take place directly between companies. A global trading system is also under discussion as part of the UN-sponsored climate negotiations.

But in Zimbabwe, “the approach taken is quite radical”, says Gilles Dufrasne of Carbon Market Watch, a rights group.

The southern African country, which has been plunged into a deep economic crisis for the past twenty years, announced in May that 50% of these revenues would have to be paid back to the state. At least a further 20% must go to local investors, with foreign partners allowed to pocket no more than 30%.


the online magazine

Similar items

Abidjan, Ivory Coast Monday, July 08, 2024 Nearly 200 people were “slightly poisoned” in Côte d’Ivoire after eating fish from

Pas de pauvreté

Éliminer la pauvreté sous toutes ses formes et partout dans le monde.

No poverty

End poverty in all its forms and everywhere.


Éliminer la faim, assurer la sécurité alimentaire, améliorer la nutrition et promouvoir l’agriculture durable.

Zero hunger

Éliminer la faim, assurer la sécurité alimentaire, améliorer la nutrition et promouvoir l’agriculture durable.

Bonne santé et bien-être

Assurer une vie saine et promouvoir le bien-être pour tous à tout âge.

Good health and well-being

Ensure healthy lives and promote well-being for all at all ages

Education de qualité

Assurer une éducation de qualité exclusive et équitable et promouvoir les possibilités d’apprentissage tout au long de la vie pour tous.

Quality education

Ensure exclusive and equitable  quality education and promote lifelong learnig opportunities for all.

égalité entre les sexes

Assurer l’égalité des sexes et l’autonomisation de toutes les femmes et les filles.

Gender equality

Achieve gender equality and empower all women and girls.

Eau propre et assainissement

Assurer la disponibilité et la gestion durable de l’eau et de l’assainissement pour tous.

Clean water and sanitation

Ensure availability and sustainable management of water and sanitation for all.

Energie propre et D’un coût abordable

Assurer l’accès à une énergie abordable, fiable, durable et moderne pour tous.

Affordable and clean energy

Ensure access to affordable, reliable, sustainable and modern energy for all.

Travail décent et croissance économique

Promouvoir une croissance économique soutenue, inclusive et durable, le plein emploi productif et un travail décent pour tous.

Decent work and economic growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Industrie, innovation et infrastructure

Construire des infrastructures résilientes, promouvoir une industrialisation inclusive et durable et encourager l’innovation.

Industry, innovation and infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

Inégalités réduites

Réduire les inégalités entre les pays et au sein des pays.

Reduced inequalities

Reduce inequalities among and within countries.

Ville et communautés durables

Rendre les villes et les établissements humains inclusifs, sûrs, résiliants et durables.

Sustainable cities and communities

Make cities and human settlements inclusive, safe, resilient and sustainable.

Consommation et production responsable

Assurer des modes de consommation et de production durables.

Responsible consumption and production

Ensure sustainable consumption and production patterns.

Mesure relatives à la lutte contre les changements climatiques

Prendre des mesures urgentes pour lutter contre le changement climatique et ses impacts.

Climate action

Take urgent action to combat climate change and its impacts.

Vie aquatique

Conserver et utiliser durablement les océans, les mers et les ressources marines pour le développement durable.

Life below water

Conserve ans sustainably use the oceans, seas and marine resources for sustainable development.

Vie Terrestre

Protéger, restaurer et promouvoir l’utilisation durable des écosystèmes terrestres, gérer durablement les forêts, lutter contre la désertification, stopper et inverser la dégradation des sols et mettre un terme à la perte de biodiversité.

Life on land

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification and halt and reverse land degradation and halt biodiversity loss.

Paix, justice et institutions efficaces

Promouvoir des sociétés pacifiques et inclusives pour le développement durable, assurer l’accès à la justice pour tous et mettre en place des institutions efficaces, responsables et inclusives à tous les niveaux.

Peace, justice, and strong institutions

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

Partenariats pour la réalisation des Objectifs

Renforcer les moyens de mise en œuvre et revitaliser le partenariat mondial pour le développement durable.

Partnerships for the goals

Strenghen the means of implementation and revitalize the global partnership for sustainable development.