Africa has to get involved in carbon markets

The oil and gas industry is evolving, and has to, highlighted commodities trading and risk management company Ion Commodities VP product strategy Lance Fogtman, in a panel discussion at the 2024 African Refiners and Distributors Association conference, in Cape Town. He reviewed a particular aspect of the global markets for the energy transition – the carbon market. Or, rather, the carbon markets, as there were currently multiple such markets in the world. There was no single global carbon market, and he doubted that there would ever be one. But the important thing about all the current carbon markets was that they put a price on carbon.