Red tape could cost Ghana the carbon investment boom - Annoh-Dompreh
Frank Annoh-Dompreh, Minority Chief Whip and Nsawam-Adoagyiri MP, warned on Thursday in Parliament that Ghana risks missing out on a fast-growing global carbon investment market if bureaucracy and regulatory uncertainty slow approvals. He stated, "This is a significant national opportunity."
Annoh-Dompreh noted that Ghana has established the Ghana Carbon Market Office under the Environmental Protection Authority to oversee Article 6 of the Paris Agreement, voluntary carbon markets, mitigation activities, project authorisation, monitoring, reporting, verification, registry operations, and corresponding adjustments. He also stated that Ghana has recorded dozens of mitigation activities across the energy, agriculture, forestry, and transport sectors, proving that "the foundations exist." He urged the government to provide greater policy certainty.
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Minority Chief Whip Frank Annoh-Dompreh warns that Ghana risks losing out on the global carbon investment market due to bureaucratic hurdles. The
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