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Namibia: Namibia sells first carbon credits, with more uncharted potential – News

Namibia: Namibia sells first carbon credits, with more uncharted potential – News

Africa Links 24 with Shania Lazarus
Published on 2024-10-28 17:15:35

Namibia has recently sold its first carbon credits to companies in Europe, though there remains significant untapped potential due to limited funding.

Speaking at a media briefing on Monday, Eck Volkmann, biochar manager at Carbon Capture and Storage Namibia (PyroNam), said the company aims to establish 50 plants by 2030, but substantial financing is needed for these projects.

“Recently, the first carbon credits were sold from the Waltershagen plant to companies in Europe,”…

Read the Full article on The Namibian

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