Climate change experts on Friday called on African governments to put in place carbon pricing regulation to earn taxes from greenhouse gas emissions.
El-Hadji Diagne, Lead Negotiator for Climate Change Markets, said in Nairobi that carbon pricing is an opportunity
that the continent could not afford to loss.
“Put regulation framework in place to allow carbon pricing as a means of bringing down emissions and drive investment
into cleaner options,” Diagne said during the 10th African carbon Forum in Nairobi.
Diagne told countries to apply pricing measures, including taxation methods that are used in taxing fossil fuel to
shift the burden for the damage back to those who are responsible.
He said that with the existing regional economic blocs, managing carbon pricing can be easier once the provisions
are put in place.
“Regional approach is a better approach as it will help reduce…
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