Djibouti taps carbon fund for climate challenges

Djibouti taps carbon fund for climate challenges

Djibouti is tapping into a carbon emissions fund to solve challenges attributed to climate change, offering a model for other cash-strapped countries on the continent amid dwindling international aid.The Horn of Africa nation — a major shipping hub that hosts the largest permanent US military base on the continent — created a Sovereign Carbon Initiative in 2023 to help reduce national greenhouse gas emissions by 40% by 2030. Djibouti has finance…