Harnessing Carbon Markets for Africa

ACMI has released its Narrative on African carbon markets

As the world comes together to raise climate ambition at COP28, African carbon markets must continue to play a role. Carbon markets can bring substantial environmental and economic benefits to society – but they are currently far from perfect, and a collective effort is required for them to succeed.

Our focus is to capture more of Africa’s potential in carbon markets by addressing the challenges to voluntary carbon market growth and building the foundations for a thriving voluntary carbon market ecosystem in Africa by 2030

This initiative will focus not only on driving decarbonisation activities but also on driving economic development by supporting energy access, scaling the clean energy transition, protecting forests, improving agriculture, and creating new income sources.

Who We Are

The Africa Carbon Markets Initiative (ACMI) was launched at COP27 in Egypt, by a coalition of organisations focused on high integrity climate impact, clean energy....

What We Do

ACMI aims to support African governments, communities, project developers and other stakeholders to significantly scale the supply and demand of high integrity....

Harnessing Carbon Markets for Africa

Learn how we are addressing the challenges to voluntary carbon markets growth

Our Objectives

1.5-2.5 GtCO2e by 2050

Grow African carbon credits retirements from ~16 MtCO2e retired in 2020 to up to 1.5-2.5 GtCO2e per annum by 2050

100 million

Create or support 100 million jobs by 2050 through carbon projects development, certification, monitoring, reporting, verification and carbon trading

Equitable and Transparent

Ensure equitable and transparent distribution of carbon credit revenue, with a significant portion of revenue going to local communities

$100 billion by 2050

Raise the quality and integrity of African credits to mobilise up to more than US$100 billion per annum by 2050

Sponsoring Partners

We are the Global Energy Alliance for People and Planet (GEAPP).
GEAPP is an alliance of philanthropies, local entrepreneurs, governments in emerging and developed economies, and technology, policy, and financing partners. We are a change agent, with a singular focus on the symbiotic challenges of solving energy poverty within a green energy transition, consistent with job-creation and other development needs.

Our common mission is to support developing countries’ shift to a clean energy, pro-growth model that ensures universal energy access, unlocking a new era of inclusive economic growth, while enabling the global community to meet critical climate goals during the next decade. In doing so, as an alliance we aim to:

Create Jobs and Sustainable Livelihoods: enable 150 million new jobs; Reduce Carbon: reduce 4 gigatons of future carbon emissions;  Expand Energy Access: expand energy access to 1 billion people.

Since 1913, the aim of the Rockefeller foundation has been to promote the wellbeing of humanity and make opportunities universally available for all and sustainable as well.

SEforALL is an international organisation that partners together with the United Nations and government leaders, the private sector financial intermediaries, the civil society as well as philanthropists, in order to drive fast action towards achieving SDG7- access to affordable, reliable, sustainable sustainable and modern energy for all by 2030 – in line with the Paris Agreement on climate.

The UN Economic Commission for Africa (UNEA) is an organisation mandated to promote inclusive and sustainable development in support of accelerating the economic diversification as well as structural transformation of Africa. It was established by ECOSOC (Economic and Social Council) in 1958 as one of the UN's 5 regional commissions.

Steering Committee