4.4 • 350 Ratings
🗓️ 6 December 2023
⏱️ 20 minutes
🧾️ Download transcript
The UN climate conference COP28 is in full swing, and officials from around the world are discussing ways to combat climate change. The agenda includes questions around how to regulate a market that could soon take off — carbon credits. Right now, these credits serve as a way for private buyers, such as companies and individuals, to offset their emissions. But countries may be able to start using these too. FT climate reporter Kenza Bryan explains the risks that could come with this market expanding.
Clips from CNBC, The National
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For further reading:
The looming land grab in Africa for carbon credits
The cheque book COP: UAE’s $200bn bid for climate influence
Scandal bares the problems of the Amazon carbon credit market
Special report: Decarbonisation
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On X, follow Kenza Bryan (@KenzaBryan) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
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0:00.0 | Am I missing anything? Is this the right decision? |
0:02.0 | Can I show this data? |
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0:26.6 | Visit clarity. |
0:28.0 | AI and take action today. |
0:29.7 | F.T. climate reporter Ken's Ab Bryan has been keeping her eye on an interesting company recently. |
0:37.0 | It's called Blue Carbon. |
0:39.0 | Blue Carbon is really a baby company. It was only set up last year. It's based in Dubai. |
0:45.2 | The reason it caught our attention specifically is because over the past year |
0:50.6 | since it's been created, It struck pretty gigantic deals with Kenya, Tanzania, |
0:57.1 | Zambia, Zimbabwe, all across Africa really. In just the one year since Blue Carbon launched as a company, it started negotiating the rights to manage millions of acres of African forest land. |
1:09.0 | One of the questions I have is why this has all been done in such a rush, why this company that's been around for a year has signed deals all across Africa. |
1:19.0 | For decades, wealthy nations have targeted Africa for its rich natural resources, things like timber, |
1:25.8 | palm oil, and gold. |
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