Video Archive
Free Newsletter
The purchase and sale of carbon credits are relatively new concepts in Africa, accounting for less than three percent of the $144 billion global carbon credit trade. The system is designed to reduce carbon emissions worldwide by allowing projects that that produce low carbon emissions to sell credits to projects that want to reduce their carbon emissions under the Kyoto Protocol.
Tax and customs fees collected on behalf of the Palestinian Authority are supposed to be used to pay wages. However, according to this report by the Russian government-owned news network Russia Today, Israel has refused to hand over the cash on several occasions, saying it could be used to fund terrorist attacks.