Zimbabwe has enacted a new law for carbon credit trading, adjusting revenue sharing percentages for project proponents. They will now receive 70% of the revenue, with the remaining 30% going into an Environmental Levy for the Environment Fund. This arrangement will hold for the first decade of a project, after which renegotiations can occur. Previously, the Ministry of Environment announced 50% for the Treasury, 30% for foreign investors and 20% for locals. Project leaders must deposit their share within 30 days. At least 25% of the project leader's share will be invested in collaboration with local authorities.

Source: carbonherald