The Director of Environmental Affairs Department (EAD), Tawonga Mbale-Luka, has said carbon trading offers a new and significant frontier for financing for sustainable socio-economic development of Malawi.
Speaking in Salima at the opening of a week-long media orientation on Monday, Mbale-Luka said the emerging market presents a unique opportunity for our country to attract financing for conservation efforts, climate adaptation, and mitigation, while contributing to overall development.
“Carbon trading allows for the buying and selling of carbon credits, which represent a reduction in greenhouse gas emissions. This mechanism incentivizes projects that reduce emissions, such as reforestation, renewable energy, and sustainable land use. By investing in these projects, companies and individuals can offset their carbon footprint, while supporting climate action,” she said.
Sh added that Malawi, being vulnerable to climate change impacts, can benefit significantly from carbon trading, withnatural assets, including forests, wetlands, and renewable energy potential, can contributing to global climate mitigation efforts.
She said the government’s Carbon Market Framework ensures that projects align with national priorities, respect community rights, and deliver environmental benefits.
Mbale-Luma, however, observed that carbon markets are complex, and accurate information is crucial to avoid misinformation and exploitation.
At this point, the director said the role of journalists is vital in shaping public understanding and promoting transparency and accountability.
“The government has taken steps to establish a robust framework for carbon trading, including institutional arrangements for authorization, monitoring, and benefit sharing. This framework will ensure that Malawi benefits from carbon trading while protecting its natural resources,” she stated.
Added Mbale-Luka, “Carbon trading is not a silver bullet, but with proper regulation and responsible implementation, it can be a powerful tool for sustainable development. With informed communicators like you, we can ensure that this tool is used in Malawi’s best interests.