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Rwanda is Set to Launch its Carbon Market Scheme at COP28

Herman Hakuzimana, the Climate Change Programme Manager at the Rwanda Environment Management Authority (REMA), believes that the country has a lot to offer. The cabinet has received a comprehensive briefing on the country’s carbon emission trading framework, which aligns with Article 6 of the Paris Agreement. Hakuzimana shared that the carbon market initiative provides a clear roadmap for investors to purchase carbon credits in Rwanda. The initiative will also showcase the wide range of projects available in the country’s carbon market, including innovative cooking technologies designed to ease the strain on the forests. “The carbon market framework serves as a tool to attract investors to Rwanda’s carbon market, and these projects are all part of Rwanda’s 10-year climate action plan, which requires $11 billion for implementation through 2030,” said Hakuzimana.