Verra and the Zambia Industrial Commercial Bank (ZICB) have signed a Memorandum of Understanding (MOU) to support the advancement of national commitments to climate change mitigation.
To this end, Verra will provide technical training sessions to various stakeholder audiences, including select Zambian government agencies, to provide a general overview of carbon markets, guidance on Verified Carbon Standard (VCS) Program requirements, and an introduction to the Verra Registry, as well as accreditation and auditing in the VCS Program.
Under this MOU, Verra staff will also meet with key government representatives in Zambia to learn more about the government’s plans for enacting the National Policy on Climate Change to strengthen the country’s ability to mitigate and adapt to climate change. A key part of this strategy is to enhance the regulation of carbon markets, including ensuring projects’ environmental integrity and communities’ benefit sharing in the proceeds from those markets.
The signing of this MOU is part of Verra’s broader effort to support countries around the world as they seek to accelerate the transition to a sustainable future.