The financing of the carbon market in the Democratic Republic of Congo (DRC) is at the heart of discussions between public and private sector actors. During the Economic Forum on the New Climate Economy (FENEC), which was held recently in Kinshasa, many challenges were raised regarding the establishment of a regulatory framework for this market.
To address these challenges, it is necessary to involve not only the government, but also private sector actors. Mustafa Rawji, Managing Director of Rawbank, during a panel devoted to climate finance, stressed the importance of setting up a common consultation structure in order to find solutions together. Rawbank is heavily involved in the carbon credit certification process.
To encourage economic actors to invest in the carbon market, Mustafa Rawji believes that the government should introduce tax incentives. He stresses the importance of knowing how to convert the carbon credit into currencies, as this would encourage economic actors to invest in this market.
Rawbank, via its trading room, is in contact with local and international partners to create a support framework for clients in the process of certifying their carbon credit on the international market.
Carbon markets offer the DRC an opportunity to use its abundant natural resource to drive sustainable industrialization and economic transformation. However, it is necessary to create a framework that respects the standards and requirements of the international market, which requires the collaboration of all the actors concerned.
Mustafa Rawji considers that this forum constitutes a starting point for the development of the carbon market in the DRC and welcomes the initiative of the president. He is convinced that this will create lasting value for future generations.
In conclusion, financing the carbon market in the DRC requires collaboration between the government, private companies, commercial banks and international institutions. Rawbank, as a committed player, is honored to participate in this process and stands ready to support its clients in the valuation of their carbon credit on the international market