Linking Market Mechanisms and Climate Finance in Africa
As of: March 2021
The potential of financing mechanisms for climate change mitigation and adaptation to the impacts of climate change is not yet fully exploited in Africa. Therefore, the project implements exemplary climate financing models in the partner countries that contribute to the NDC goals. The project establishes links between UNFCCC market mechanisms and climate finance institutions of the UNFCCC financial mechanism, such as the Green Climate Fund. In all partner countries, the project cooperates with governments and the private sector to develop climate financing applications that leverage the potential of existing activities and bring about significant development impacts for local communities. The findings and lessons learned of the project are fed into climate negotiations and public dialogues where they contribute to the design of policy instruments. The project works with African climate negotiation partners to strengthen their influence in the UNFCCC process.
State of implementation/results
Policy Brief #1: Africa is getting ready for Article 6; Dezember 2018.
Organisation of three Side Events at the COP 24 in Katowice:
Linking Carbon Markets and Climate Finance in African Countries.
Progress on Art. 6 – Moving towards implementation
Harnessing Synergies between Market Mechanisms and Climate Finance.
Africa Climate Week 2019:
Contributions to Regional Workshop of the West African Alliance on Carbon Market and Climate Finance in the context of subregional capacity development; Presentation of the project study: Moving towards next generation carbon markets. Observations from Article 6 pilots im Rahmen des CPLC/IETA Carbon Pricing and Carbon Markets Day’ (19.03.2019).
Contribution on Article 6 pilot initiatives at a GIZ organised workshop
Short presentation of the project Climate Finance Innovators at the NDC Investment Forum
Study: Moving towards next generation carbon markets. Observations from Article 6 pilots; March 2019
Updated study: Moving towards next generation carbon markets. Observations from Article 6 pilots; June 2019
National Capacity Building Workshop Senegal 2019: Carbon Market and Climate Finance support for NDC implementation in Senegal, May 22, 2019
Innovate4Climate 2019: Key Lessons from Article 6 pilot activities (Workshop, 04.06.2019)
Policy Brief #2: Operationalizing the Share of Proceeds for Article 6, June 2019
Discussion on global Article 6 pilot initiatives at the margins of SB 50 (June 2019, Bonn)
Latin America & Caribbean Climate Week 2019: Piloting Article 6 carbon market cooperation – additionality and methodological issues (Workshop, 21.08.2019).
Webinar #1: Next Generation Carbon Markets (Go to Webinar, 09.09.2019).
Regional peer2peer Workshop East Africa, Addis Ababa 2019: Managing the transition from Kyoto to Paris. – the potential of carbon markets and climate finance for East Africa.
The East Africa Climate Negotiators Pre-COP25 Forum and East African Alliance Meeting, Dar es Salaam, Tanzania, 23-25 October 2019: constituent meeting of the East African Alliance on Carbon Markets and Climate Finance (EAA).
GCF proposal drafting Workshop together with ASER and BOAD (Saly, Senegal, November 2019).
Media article: "Piloting Article 6: Emerging developments in market-based international cooperation" Nicole Krämer; Axel Michaelowa, Sandra Greiner, Aglaja Espelage and Stephan Hoch (Carbon Mechanisms Review, 2019(4) November-December, pp.22-29).
COP 25 Side Events: Harnessing synergies between carbon markets and climate finance for achieving ambitious NDCs: Joint SE with Senegal (Do 12.12., 12.30-14.00, IETA Pavillon); The role of carbon markets and climate finance for NDC implementation in developing countries: Perspectives and Seoul International Law Academy (SILA) (Fr 13.12., 13.15-14.45, SE Room 5).
Policy Brief #3 (in preparation): Closing the deal on ‘CDM Transition’: How COP 25 defined new guardrails for compromise and what they mean for Africa; Stephan Hoch, Sandra Greiner, El-Hadji Mbaye Diagne, Axel Michaelowa, Nicole Krämer, Aglaja Espelage, Ruth Kassaye .
Ethiopia, Senegal, Uganda
Perspectives Climate Group GmbH
Environment, Forest and Climate Change Commission (EFCCC) - Ethiopia
Ministry for Environment and Sustainable Development (MEDD) - Senegal