• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Carbon-Offsets verifier gold standard pauses issuance of CO2 credits from Zimbabwe

2 years ago
in Business, Economy, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
58
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

Carbon-Offsets verifier gold standard pauses issuance of CO2 credits from Zimbabwe

Gold Standard, a verifier of carbon offsets, is temporarily pausing the issuance of credits from projects based in Zimbabwe, after the country’s announcement earlier this year that it plans to take half the revenue generated from such transactions.

The decision takes effect immediately, a spokesperson for Gold Standard said by email on Tuesday. Gold Standard has acted as a verifier for about 20 carbon offset projects in Zimbabwe.

“Following the announcement in May we have been engaging with the Government of Zimbabwe to clarify its implications, which led to our decision to pause issuance” in order to comply with national legislation, the Gold Standard spokesperson said.

The measure may serve as a warning shot to other African countries, such as Malawi and Zambia, that have, since the Zimbabwean decision was announced indicated that they may follow suit, further roiling the $2 billion carbon credits market.

Zimbabwe is Africa’s third-largest issuer of carbon offsets after Kenya and the Democratic Republic of Congo, Jaye Connolly-LaBelle, chief executive of RippleNami Inc., a data collection company, said last week in a presentation at a conference in the country’s Victoria Falls resort. The southern African country accounts for 13% of the continent’s issuance and 1.7% of issuance globally, RippleNami said.

Michael Usi, Malawi’s environment minister, told Bloomberg at the conference that his country will take a yet to be determined chunk of revenue. Collins Nzovu, Zambia’s environment minister, said in an interview that “if we got 50%, we would be very happy, those are the figures we are looking at as well.”

A spokesperson for Gold Standard said at the time that governments seeking stronger oversight ought to act in a way “that will enable positive investment into climate action and sustainable development.”

Still, the world’s biggest verifier of carbon offsets, Verra, said by email that while it had halted registration of projects and issuance of credits after the initial announcement by the government it has since resumed those processes. Its projects in the country remain active, a spokesperson said in the email.

Tags: Carbon-Offsets verifier gold standardCarbon-Offsets verifier gold standard pauses issuance of CO2 credits from ZimbabweCo2Zimbabwe
No Result
View All Result

Highlights

Osaka and Keys Advance to Quarter-Finals at Canadian Open

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

Cedi Appreciation Triggers 50% Drop in Remittance Inflows

Inflation Drops 160 basis points to 12.1% in July, Lowest Rate Since October 2021

Kwaku Azar Writes: Is Another SML Brewing at GACL?

GRA Refutes NIA’s Debt Claims, Cites Lack of Regulatory Approval and Service Agreement

Trending

Features

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash

August 6, 2025

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash Ghana...

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

August 6, 2025

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

August 6, 2025

Osaka and Keys Advance to Quarter-Finals at Canadian Open

August 6, 2025

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

August 6, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.