ECA and UN Climate Champions host expert group meeting on developing a high-integrity carbon market in Africa

Abstract

ECA and UN Climate Champions host expert group meeting on developing a high-integrity carbon market in Africa. The session formed part of the "African Roundtable on Initiatives to Accelerate Climate Action and Advance the SDGs" from 2-4 August 2022. The Expert Group Meeting brought together experts from the Congo Basin Climate Commission to move forward with the project to establish as high integrity registry for the region. The Roundtable session examined the importance of carbon markets in mobilizing private finance for Africa, how to create a high-integrity carbon market that is both efficient and transparent, how to understand the market mechanisms and ways to capture their value and retain it on the continent, as well as how to deal with aspects of the market that frustrate African players and where adjustments can be made to achieve success.