Twelve African countries have signed Article 6.2 bilateral carbon credit agreements with Switzerland, Japan and Singapore. The credits are real. The prices are low. And every tonne sold reduces the seller country’s NDC budget at exactly the moment COP30 will demand accountability.
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Africa’s $50B Gas Bet: The Economic Logic That Could Cost the Continent Its Climate Finance
Twelve African countries are building or approving $50 billion in LNG and gas infrastructure. The economic case is defensible. The climate finance cost — in DFI conditionality, NDC budget erosion, and lost carbon credit revenue — is not fully priced in.