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Zimbabwe launches blockchain registration system for carbon credit transactions

Internet reports that the Zimbabwe government has officially launched a carbon credit registration system based on blockchain technology, aiming to improve transaction transparency and rebuild investor confidence. The country's Environment Minister Evelyn Ndlovu said at a launching ceremony in Harare that the system was developed by Dubai A6 Labs and can enable traceability of the entire process of carbon credit issuance, trading and cancellation, ensuring that data cannot be tampered with. Previously, the country suddenly cancelled multiple carbon credit projects in 2023 and imposed 50% of the proceeds, which blocked the operations of international developers, including the Kariba Redd+ project.

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