East African Carbon Company Launches to Enhance Carbon Markets and Sustainable Development in Uganda
The East African Carbon Company (EACC) has been launched in Uganda to develop high-integrity carbon markets and support sustainable development, with a focus on advancing national climate goals and ecosystem restoration. The initiative aims to mobilize climate finance through co-developed projects that engage women, youth, and smallholder farmers, while feasibility studies identify significant land for restoration. EACC underscores the importance of robust legal frameworks and monitoring to enhance investor confidence in Africa's climate finance landscape.
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The East African Carbon Company (EACC) has launched as a government-supported institution to develop high-integrity carbon markets in Africa, focusing on Uganda. EACC aims to advance national climate goals, protect public land, restore ecosystems, and mobilize climate finance.
Co-developed projects with government and community representatives will ensure participation from women, youth, and smallholder farmers. Feasibility studies in Uganda identified 714,000 hectares for restoration, potentially sequestering 18.5 million tonnes of carbon over 40 years, while training 5,000 farmers and creating over 1,000 jobs.
The launch coincides with increasing regulation in voluntary carbon markets and growing demand for credible carbon credits in Europe and Asia. EACC emphasizes the need for strong legal frameworks and high-quality monitoring to build investor confidence in Africa's climate finance future.
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