By Linda Kwanjana

On 23 June, 2023, all roads led to Malawi Botanical Gardens just a stone throwing away with the Malawi National Assembly.

People might wonder why the function took place at Botanical Garden , but the answer is simple , the garden is a hub as far as preserving Ecosystem is concerned.

This initiative which has been launched will help to replenish the environment.

This is what President Chakwera says on the importance of the launch;

“I have launched the Malawi Carbon Market Initiative, a profitable intervention that incentivizes our efforts of replenishing the environment.
This is one initiative that cements our aspiration of transitioning to a green economy. Our involuntary preference for such model of an economy comes at the back of the climate realities that have subjected us to devastating natural disasters over the years, more recently Cyclone Freddy,”

As a nation, we have every reason to prefer a green economy over an economy that degrades and destroys the environment.

According to the President there is need to seek the double benefits that come with unlocking of the largely untapped carbon markets and replenishment of the environment.

Estimates have it that if better utilized, carbon market can bring into our economy US$600 million annually.

The President has since appealed to everyone to enhance carbon marketing.

“I call upon each and every one of us to participate in building the capacity of our carbon markets and make them effective for the socioeconomic benefit of the nation.

Time to adopt climate-friendly practices in all our social and economic activities,” he said.