As the global community seeks innovative solutions to address climate change, Africa is emerging as a powerful force in the world’s carbon markets. This movement is more than a hopeful vision—it is unfolding in real-time, powered by the continent’s vast natural resources, a burgeoning green economy, and an unwavering commitment to sustainability. Nigeria, Ghana, and
Kenya is one of the African countries expected to benefit from the new Africa Carbon Markets Initiative (ACMI). ACMI, which was launched on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in Sharm el-Sheikh, Egypt, is led by a 13-member steering committee of African leaders and carbon credit experts. It is set
Climate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy and drive sustainable economic development, writes Jonathan Colmer for The Conversation. Carbon markets offer an incredible opportunity to
Climate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy, and drive sustainable economic development. Led by a 13-member steering committee of African leaders, chief executives and
Carbon credits offer an opportunity to unlock climate finance for the African continent. But the region currently accounts for just 2% of trading on the global carbon markets valued at over $2 billion. Demand for carbon credits is expected to increase by a factor of 15 or more and could be worth over $50 billion by 2030. But the current
Today, the Africa Carbon Markets Initiative (ACMI) announced 13 action programmes. Steering committee members, made up of African leaders, CEOs, and carbon credit experts, met at Abu Dhabi Sustainability Week to build on early momentum and set out further ambitions. In the lead-up to COP28 ACMI’s action programmes aim to accelerate Africa’s participation in the global carbon market