Africa’s Carbon Credit Deals With Blue Carbon Stall, Raising Oversight Concerns
Several African nations, including Liberia, Zimbabwe, Zambia, Kenya, and Nigeria, signed major carbon credit agreements with Dubai-based Blue Carbon in 2023 to protect forests and sell credits to global polluters. The deals promised revenue, environmental benefits, and local investment. However, within two years, these agreements stalled or vanished with little implementation. Liberia’s million-hectare deal was halted after concerns about transparency, lack of local consultation, and potential violations of land rights. Similar agreements in Zimbabwe, Zambia, and outside Africa (Papua New Guinea) failed to progress, often lapsing at the MOU stage. Background investigations found no trace of Blue Carbon or its projects in global carbon registry records. The company’s web presence and activities faded in 2025, and its offices could not be verified. Activists say the projects were primarily “greenwashing,” allowing polluters to claim climate action with no real impact or […]