Zimbabwe’s attack on carbon offsets

Payne Institute Program Manager Brad Handler and Director Morgan Bazilian write about how Zimbabwe’s announcement that it is canceling all carbon offset contracts in its borders and demanding a larger government share of any new ones is wearily familiar to those who have experience with resource nationalization.  But tearing up contracts can only set a bad precedent for developing economies seeking to attract investment that might benefit their communities.  June 6, 2023.