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

Africa Carbon Markets Initiative’s (ACMI) mission is to enable the growth of carbon markets across the continent, with a target of USD 100 billion in annual carbon credits issued by 2050. For this to happen, there needs to be a strong push in policy and regulatory capacity building, so that countries can establish frameworks for

The Africa Carbon Markets Initiative (ACMI) thanks and congratulates HE President Ruto, the African Union, and all involved in the delivery of the first Africa Climate Summit. We applaud the success of bringing so many people and organisations across government, civil society and the private sector together to advance Africa’s role as a leader in

16 January 2023, Abu Dhabi – Today, the Africa Carbon Markets Initiative (ACMI) announced 13 action programs. 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 COP 28, ACMI’s ​​action programs aim to accelerate Africa’s

New Africa Carbon Markets Initiative (ACMI) Inaugurated Today at COP27 Aims to Support Growth of Carbon Credit Production and Create Jobs in Africa Sharm El Sheik, 8 November 2022—Carbon markets offer an incredible opportunity to unlock billions for the climate finance needs of African economies while expanding energy access, creating jobs, protecting biodiversity, and driving