Jacob Zuma, the former president who brought South Africa’s renewable-energy program to a halt in 2016, announced that a Belarus trade association will list the first carbon credits on a newly created exchange in Zimbabwe.
The Belarus African Foreign Trade Association, of which Zuma is a board member, has allocated 2 million carbon credits to initiate trade in the offsets on the Africa Voluntary Carbon Credits Market, he said on Friday.
“I have the memorandum of intent of these carbon offsets which have been certified and validated,” Zuma said at a carbon-credit conference in Victoria Falls, Zimbabwe. “This is our pledge to kick-start the process.”
In his speech on Friday, Zuma gave no indication of why he was representing a Belarus-backed organization or where the association accessed the carbon offsets. Zimbabwe has close ties with Belarus. President Alexander Lukashenko visited the African nation earlier this year.
A single carbon credit
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