Rwanda: Carbon credits have already generated $1.5 million

Rwanda has generated approximately $1.5 million, or nearly 2.2 billion Rwandan francs, from the sale of carbon credits, with 29 projects now registered with the environmental authority.

The figures were presented on September 16, 2026, in Kigali by Faustin Munyazikwiye, Deputy Director General of the Rwanda Environment Management Authority.

The 29 projects are at various stages, from verification to the commercialization of credits. They include land conservation, agriculture, forestry, electric mobility, waste management, and renewable energy.

Credits from these projects are created after measuring and verifying reductions or absorptions of emissions. According to data provided in Kigali, their price currently ranges from $14 to $45 per ton of CO2 equivalent, depending on the project and the buyer.

The country regulates these transactions with a national carbon market launched in 2023. REMA acts as the designated authority, and projects must undergo a national approval process before independent verification of the claimed emission reductions.

Rwanda has also signed a cooperation agreement with Singapore to facilitate the transaction of eligible credits under Article 6 of the Paris Agreement. This framework is expected to enable authorized projects to mobilize funding in exchange for verified emission reductions.

The new figures were unveiled ahead of the Carbon Markets Africa Summit scheduled to take place in Kigali from October 13 to 15, 2026. The meeting will showcase African projects related to nature-based solutions, regenerative agriculture, waste management, and blue carbon.