Zimbabwe Launches Blockchain Registration System for Carbon Credit Trading

The Zimbabwean government has officially launched a carbon credit registration system based on blockchain technology, aiming to improve transaction transparency and rebuild investor confidence. The system, developed by A6 Labs in Dubai, can be traced back to the whole process of carbon credit issuance, trading and cancellation, ensuring that the data cannot be tampered with, Evelyn Ndlovu, the country's environment minister, said at the launch ceremony in Harare. Previously, the country suddenly cancelled several carbon credit projects in 2023 and imposed a 50% revenue levy, which hindered the operation of international developers, including the Kariba Redd + project.