Denis Slieker, managing director of Face the Future, is in the business of creating these credits and he believes that Africa is the perfect place to do business. “Everybody speaks about the carbon market but basically there are two carbon markets,” Slieker explains. “First there is the compliance market which is set by the UN. In this market, companies and countries have an obligation to reduce their carbon emissions. Part of their reduction activities can be the purchase of carbon credits. The other side of the market is called the voluntary carbon market. There you can find buyers, which can be private people or companies that want to offset the carbon emissions that they cause.”These two markets can work in harmony and one example of this is in stopping deforestation. Within the UN, there have been several talks about stopping global deforestation, though so far they have been unsuccessful. On a global level, there is no formal law that prevents it. In the voluntary carbon market, however, there are certified projects that work against deforestation.
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