Almost 50% of respondents to an African Energy survey said the certification of carbon or renewable credits is too costly or time-intensive.
14 October 2022
We were seeking to understand how much of the voluntary carbon market – estimated by the World Bank Group to be worth $1bn in 2022 – was from credits issued from African projects and also to assess the wider challenges faced by buyers and sellers.
The price of carbon and the lack of long-term price visibility has been a long-standing challenge – an observation with which some 30% of respondents firmly agreed.
A lack of information about carbon or renewable credit markets was also a significant challenge for 30% of respondents.
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