Japanese Ambassador Highlights Economic Instability Hindering Carbon Credit Investment in Zimbabwe
Japanese Ambassador Satoshi Tanaka remarked that Zimbabwe's economic instability is discouraging investment, particularly in the carbon credit project. The Carbon Credits Trading (General) Regulations 2023 aim to manage carbon credit trading and attract foreign investment.
However, Tanaka highlighted currency issues and the unpredictable business environment as key barriers. He stressed that a better operating environment is essential for initiating such projects. EU Ambassador Jobst von Kirchman added that Zimbabwe's accumulated arrears and macroeconomic instability disqualify it from international funding, despite a US$40 billion infrastructure need. Zimbabwe’s public debt exceeds US$20 billion.
