ZAMBIA CARBON MARKET FRAMEWORK

WHY ZAMBIA CARBON MARKET FRAMEWORK ?

• It sets out criteria and indicators for evaluating mitigation activities at different development stages, from initial concept to detailed project design, ensuring rigorous assessment of carbon projects.
• The framework introduces a government-regulated fee structure for submitting project documentation and a share of proceeds from the issuance of Internationally Transferred Mitigation Outcomes (ITMOs), supporting market operation and administration.
• It establishes guidelines for voluntary carbon market projects, including pathways for transitioning to Article 6.2 activities with the necessary corresponding adjustments, thereby enabling Zambia’s engagement in both voluntary and compliance carbon markets.
• The framework prioritizes Forestry and Nature-Based Solutions by leveraging Zambia’s abundant forest resources. It highlights sustainable forest management and active community participation, supporting initiatives such as REDD+, afforestation, and enhanced land management that drive emission reductions while delivering socio-economic advantages.
• Zambia has submitted its Nationally Determined Contribution (NDC), and to engage in carbon markets, the Paris Agreement framework mandates that Zambia actively account for its greenhouse gas emissions and emission reductions.

Zambia’s Carbon Market Framework establishes a transparent, well-regulated, and scientifically sound foundation for the development and trading of carbon credits ensuring both environmental integrity and tangible benefits for local communities.