Investing in the carbon credit market in the Democratic Republic of Congo (DRC): An opportunity for sustainable development
DRC Environment Minister Eve Bazaiba recently encouraged development partners to invest in the country’s carbon credit market. During a meeting on carbon credits organized at the United Nations General Assembly in New York, Bazaiba underlined the importance of this market for the sustainable development of the DRC.
The minister said the DRC was ready to offer a carbon credit market to investors, with funds earmarked for social infrastructure and sustainable development. She stressed that this market was a way to ensure sustainability and go beyond humanitarian aid to truly develop the country.
The DRC recently modified its legal and institutional framework to accommodate the carbon credit market. The creation of the Carbon Market Regulatory Authority and the modification of the fundamental principles of environmental protection are examples of this. The minister also referred to the DRC President’s vision to plant a billion trees to demonstrate the country’s commitment to the climate issue.
The DRC is a key player in the Congo Basin, representing 62% of it. The country also has 10% of the world’s fresh water reserves and strategic minerals that play a vital role in the global energy transition. Bazaiba stressed that electric vehicles were a key solution to reducing pollution and encouraged the transformation of the DRC’s natural resources there to facilitate this transition.
The minister also reminded industrialized countries, responsible for 80% of global pollution, of their duty to finance the fight against global warming. She stressed that the DRC was moving from humanitarian aid to a win-win partnership to fight global warming.
By encouraging investments in the carbon credit market in the DRC, Minister of the Environment Eve Bazaiba highlights the importance of sustainable development and the energy transition. Thanks to clear political will and adapted legislation, the DRC is positioning itself as a major player in the fight against climate change and offers investment opportunities to those who wish to contribute to a greener future.