Blue Carbon signs major capture deal with Zimbabwe

Blue Carbon signed an agreement with Zimbabwe to generate carbon credits from about one-fifth of the African nation's land area. The forest protection and rehabilitation deal could bring $1.5 billion in climate financing to Zimbabwe. It marks the latest African foray for Dubai-based Blue Carbon after a similar agreement in Liberia. The deal is a potential boost for Zimbabwe after its controversial move to scrap existing offset projects and take half their revenue, sparking global concern. Zimbabwe has since softened regulations to a 30% share. The partnership highlights Africa's expanding role in voluntary carbon markets as nations seek new climate financing despite controversies. (Bloomberg News)