Carbon Trading (General) Regulations, 2025 (SI 48 of 2025).

The Carbon Trading (General) Regulations, 2025 establish the Zimbabwe Carbon Markets Authority (ZiCMA), which is responsible for overseeing all carbon market activities, including the registration and approval of projects, issuance and recognition of carbon credits, and enforcement of compliance. Entities wishing to participate in the carbon market must register with ZiCMA and meet strict eligibility criteria, including demonstrating technical and financial capacity, and compliance with environmental, social, and sustainable development standards. Projects must follow a structured process beginning with a Project Idea Note (PIN), followed by feasibility studies, submission of a Project Design Document (PDD), and eventual issuance of a Certificate of Registration. Only then can credits be issued, traded, or retired. The regulations also provide for the recognition and regulation of existing projects, Participation in international mechanisms under Article 6 of the Paris Agreement is also regulated. Mitigation outcomes must be authorised and corresponding adjustments applied to avoid double counting. The regulations also include detailed procedures for auditor licensing, grievance redress, appeals, and the suspension or cancellation of registrations or licences. Finally, the regulations are supported by sixteen schedules that provide templates, fee structures, and detailed requirements for sustainable development, social and environmental safeguards, monitoring, and reporting.