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Linking Market Mechanisms and Climate Finance in Africa

As of: April 2020

Objective and activities

The project pilots replicable climate finance models that contribute to NDC goals. It establishes links between UNFCCC market mechanisms and climate finance institutions of the UNFCCC Financial Mechanism (e.g., GCF). The partner countries are characterized by ambition, regional lighthouse effects, and climate policy relevance. In all countries, the project is working with governments and the private sector to formulate climate finance applications that leverage the potential of existing activities. This mobilizes measures that have great development impact on local communities. The strengthening of national and regional capacities as well as conceptual work strengthen the preconditions for ambitious climate policy. Insights will be incorporated into climate negotiations and public debate, and will contribute to the design of policy instruments. The cooperation with African climate negotiations partners strengthens their influence in the UNFCCC process.

State of implementation/results

  • Project website with studies and documents: www.climatefinanceinnovators.com
  • Policy Brief #1: Africa is getting ready for Article 6; Dezember 2018
  • Organisation of three Side Events at the COP 24 in Katowice: 1) Linking Carbon Markets and Climate Finance in African Countries; 2) Progress on Art. 6 – Moving towards implementation 3) 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

Project data

Country:
Ethiopia, Senegal, Uganda

Implementing organisation:
Perspectives Climate Group GmbH

Partner institution(s):
  • Ministry for Environment and Sustainable Development (MEDD) - Senegal," Ministry of Environment, Forest and Climate Change (MEFCC) – Ethiopia", Ministry of Water and Environment - Uganda

BMU grant:
2.999.992,22 €

Duration:
04/2018  till  03/2021


Website(s):



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