Africa: Carbon Credit Trade Already Worth $5 Billion

Developing nations could earn as much as $100 billion annually by 2050 from selling carbon credits, according to an analysis released by the World Bank at the United Nations conference on climate change that ended in Nairobi last week.

The carbon credit trade, the conference heard, has made about $5 billion over the past two years, a figure which could grow twenty-fold in the next 40 years as developing countries invest in renewable energy and sell their credits to developed countries.

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