Linking Market Mechanisms and Climate Finance in Africa
As of: November 2019
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.