Zimbabwe launches the world’s first blockchain-enabled carbon credit registry, aiming to restore credibility and transparency to its emissions market.
Zimbabwe has unveiled a blockchain-powered carbon credit registry — a move aimed at restoring investor trust and ensuring full transparency in carbon trading after its 2023 market disruption.
Key Points
– The new registry is built in partnership with Dubai-based A6 Labs
– Accessible via zicma.org.zw
– Managed by the newly formed Zimbabwe Carbon Markets Authority (ZCMA)
Why It Matters: The country had shaken global carbon markets in 2023 by:
1. Abruptly cancelling projects like Kariba REDD+
2. Demanding 50% of all project revenues
3. Forcing project re-registrations, prompting international backlash
Authorities have since reversed those demands and are now pursuing structured reforms.
Minister’s Statement
“Every transaction… will be fully traceable, providing an immutable record,” said Environment Minister Evelyn Ndlovu, adding that the system will help prove that Zimbabwe’s credits are “genuine, measurable and impactful.”
What This Means
1. Full traceability from issuance to retirement of credits
2. Immutable blockchain records to prevent fraud and double-counting
3. Better alignment with international carbon market standards
Africa’s Carbon Market Race
Zimbabwe joins Kenya and Zambia in regulating carbon markets for better sovereignty and revenue control. Zimbabwe already ranks third in Africa for carbon credit production, responsible for ~12.5% of the continent’s total in 2023.
Quick Refresher
What’s a Carbon Credit?
1 carbon credit = 1 ton of CO₂ (or equivalent) prevented or removed
Buyers (countries/companies) use them to offset their emissions.
What’s Next: Only approved developers can participate. “If they meet the requirements, they can proceed,” said Washington Zhakata, acting secretary of the environment ministry.
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