Category: Article 6

The COP that No-One Likes

It is normal for countries to leave the COP disgruntled but resigned to the outcome, with wins and losses for everyone. But this year’s finance COP left a deeply bitter taste in the mouth for developing countries, with Nigeria calling the US$300 billion finance target a joke, and more questions than answers about whether to disband the COP process entirely. But there were some wins on trade, adaptation and carbon markets within the morass of despair on finance. In our roundup we look back and discuss the key issues and outcomes.

Adaptation, Article 6, COP29, Loss And Damage, Trade

Your Guide to COP29: A Tamer but Still Tumultuous Affair

African countries are going to COP with a long menu of agenda items to address: the new finance target (NCQG), revised NDCs, adaptation, mitigation and just transitions, loss and damage, and trade. In this explainer we discuss the key issues, points of contention, and some of the African positions ahead of the COP.

Adaptation, Article 6, COP29, Loss And Damage, NetZero and the Just Transition, Trade

Revisiting Article 6 at COP 29: What’s at Stake for Africa?

The Azerbaijan COP presidency has identified carbon offsets and the related operationalisation of Article 6, as a major priority, calling it “the second major expected deliverable of COP 29”. This article sketches the critical issues to be discussed at the COP, including letters of authorisation for the international trade of credits, and GHG removal projects, and Africa’s priorities.

Article 6, COP29

African Carbon Projects Bear the Brunt of Market Dip

Last year's carbon market downturn as a result of integrity concerns particularly impacted REDD+ and cookstove projects in Africa, which make up about 90% of its supply. If African countries really want to see a high integrity market that benefits local economies, they need to be working more closely with voluntary regional bodies and intiatives that seek to champion market reforms.

Article 6

How might COP28’s outcomes impact the Private Sector in Africa?

On the side-lines of the COP, a series of climate finance announcements were made that could advance private sector climate investment on the African continent. Countries were able to reach agreement on key milestones such as renewable energy and energy efficiency which will undoubtedly shape global demand and supply chains. However, stalled progress on carbon markets and Article 6, and weak text on the phase out of fossil fuels may dilute the effectiveness of these milestones.

Article 6, COP28

Malawi orders review of Carbon Credit projects as Kenya introduces new Carbon Markets Bill

Malawi and Kenya are both seeking to firm up their domestic policy on carbon markets, with a focus on ensuring more benefits for communities. Echoing Zimbabwe, Malawi has stated an intention to revisit existing contracts, while Kenya is looking to devise a more detailed set of rules on benefit sharing, governance and legal processes.

Article 6

African Countries Move to Regulate Domestic Carbon Markets and Claim Revenue

A Kenyan county governor has made a bold move to revoke existing carbon credit contracts, similar to what happened in Zimbabwe a few weeks ago. The statements follow a push to develop more domestic regulations and guidelines to govern carbon credit activity on the continent.

Article 6

Zimbabwe to Seeking to Take Over its Carbon Credit Market

Zimbabwe plans to nullify existing carbon credit agreements and to claim 50% title to carbon credit revenue from offset projects, with foreign investors limited to 30%

Article 6

Africa Carbon Markets Initiative announces 13 action programs

The African Carbon Markets Initiative (ACMI) was launched at COP27 in November last year, with the ambition of having at least 300 million carbon credits from projects on the continent retired annually by 2030. At its Steering Committee meeting in January this year during the Abu Dhabi Sustainability Week, ACMI launched 13 action programmes to achieve this goal. This includes the development of “country carbon activation plans” which Kenya, Gabon, Malawi, Mozambique, Togo, Nigeria, and Burundi have all signed up to do.

Article 6

Developing countries adopt proactive stance on future carbon markets

Article 6 of the Paris Agreement places greater responsibility for and control over domestic mitigation efforts in the hands of national governments. In response, various developing country governments such as Peru, Papua New Guinea and Indonesia are intervening into their domestic markets to secure locally generated carbon assets to support national climate commitments. This has taken different forms in different countries but most recently includes moratoriums on certain types of projects in Papua New Guinea, and the temporary halting of the issuance of certain credits in Indonesia.

Article 6, Uncategorized