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Harnessing Carbon Markets for Africa's Development

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 carbon markets growth

Our Objectives

Activate

Act as the premier reference point on the state of African Carbon Markets through owning and disseminating a road-map report, the required steps for scaling and ACMI’s progress.

Advocate

Be the advocate for Africa’s position within carbon markets, bringing increased demand and investment into the continent and shifting the narrative around African Carbon Markets.

Advise

Advise and partner in creating a stable regulatory landscape and scaling high-integrity project development through technical assistance for the carbon market activation plans including Article 6 and partnerships to deliver training to the supply side players and industries.

Assemble

Convene actors that are working to solve enabling environment challenges to attract capital, scale supply, build consensus, and drive global momentum on carbon markets.

Sponsoring Partners

The Global Energy Alliance for People and Planet (GEAPP) is an alliance whose main mission is to support developing countries to be able to move towards clean energy, a pro-growth model that ensures universal energy access, and opening up a new era of inclusive economic growth. This enables the global community to meet the critical climate goals as of 2030. The alliance comprises philanthropists, local entrepreneurs, governments, and technology, policy, and financing partners, who are all working together to reduce carbon emissions, expand energy access and enable sustainable livelihoods in Africa.

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. UNECA's mission is to deliver ideas and actions for an empowered, inclusive and transformed Africa. Its overall objective is to promote inclusive and sustainable development in support of accelerating the economic diversification and structural transformation of Africa, in line with the 2030 Agenda for Sustainable Development and Agenda 2063: The Africa We Want.

Supporting Partners

In order to connect the work of governments with the many voluntary and collaborative actions taken by cities, regions, businesses and investors, nations decided to appoint two High Level Champions. The key mandate of these high-level champions is to enhance ambition and strengthen the engagement of non-state actors in supporting Parties, and work with the Marrakech Partnership, to deliver the goals of the Paris Agreement. Dr. Mahmoud Mohieldin and Her Excellency Ms. Razan Al Mubarak are the UN Climate Change High-Level Champions for COP27 and COP28.

Steering Committee

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