The regulations were made in terms of Section 140 (2) (c) of the Environmental Management Act [Chapter 20:27] and reflect the country's commitment to global efforts to reduce or eliminate greenhouse gas emissions. They provide a legal framework for “the control and management of carbon credit trading projects” in Zimbabwe. The regulations make provisions for the responsible authority, the registration, monitoring, reporting, and verification of carbon credit projects, and the sharing of proceeds from carbon credit trading, among others.
The provisions related to carbon credit projects that existed before the regulations' enactment and the sharing of proceeds from carbon credit trading were amended by the Carbon Credits Trading (General) (Amendment) Regulations, 2023 (No. 1) on 25 September 2023.
