The Secretary General of the Inter-Parliamentary Union, Martin Chungong, has highlighted the potential of carbon markets to help Zimbabwe tackle climate change while generating economic benefits from its natural resources.
In a virtual presentation to the Parliament of Zimbabwe, Chungong said carbon trading presents significant opportunities if properly regulated.
He “highlighted carbon trading's potential to combat climate change and benefit Zimbabwe's natural resources,” and “explained how carbon markets allow trading of emission-reduction credits, presenting opportunities for Zimbabwe in land conservation, tourism, and sustainable projects.”
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However, he warned that safeguards are essential.
“A strong regulatory framework is essential for transparency and protecting national interests,” Chungong said.
He added that “Parliament must oversee these processes to ensure benefits reach local communities and support national development, in line with international climate commitments.”
Zimbabwe has increasingly shown interest in participating in global carbon markets as part of its climate financing strategy, but experts have previously cautioned that without strong governance structures, countries risk losing value or failing to deliver tangible benefits to affected communities.
Chungong’s remarks place legislative oversight at the centre of Zimbabwe’s potential carbon trading framework, linking climate action to accountability and national development priorities.
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