West African Alliance on Carbon Markets and Climate Finance - Internationale Climate Initiative (IKI)
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West African Alliance on Carbon Markets and Climate Finance

As of: October 2020

Objective and activities

The implementation of ambitious NDCs of West African countries faces a large funding gap. In 2017, 16 countries have formed the “West African Alliance on Carbon Markets and Climate Finance” to jointly tackle issues relating to accessing carbon markets and climate finance for NDC implementation. Building on the Alliance’s successful start, the project seeks to deepen sub-regional cooperation and enhance in-country readiness for Article 6 implementation. The member participation in international negotiations on Article 6 of the Paris Agreement ensures that African priorities are reflected in the design of the new carbon market approaches. Furthermore, the inception of carbon market projects is supported by a platform for networking between strategic partners (e.g. financiers, project developers). The development of institutionalized regional cooperation structures will increase awareness, transfer knowledge and stimulate replication in the region.

Project data

Country:
Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, Togo

Implementing organisation:
West African Development Bank

Partner institution(s):
  • Diverse climate change relevant institutions in the respective partner countries/Diverse klimarelevante Institutionen in den entsprechenden Partnerländern

BMU grant:
2.798.580,00 €

Duration:
08/2020  till  01/2024




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