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African Climate Week 2023 | Side event 1
Sep 5, 2023 @ 08:00 - 09:00
Green Growth in Africa – Concrete Actions for Carbon Market Update
Introduction:
The Africa Climate Summit presented a unique opportunity to showcase and discuss the potential of carbon markets in promoting green growth in Africa. This side event highlighted the efforts made by the Eastern and West Africa Alliances on Carbon Markets and Climate Finance with their 23 members to enhance access to carbon finance through regional collaboration, presenting achievements, address the challenges, and provide recommendations for further advancement in carbon market development in Africa.
Objectives:
- To communicate the significant work undertaken by the Alliances, focusing on carbon market readiness support, capacity building, private sector engagement, carbon pricing instrument design, bilateral agreements, and other relevant initiatives.
- To address the challenges faced by the Alliances and their member states, including fair pricing and benefit sharing of carbon, capacity building needs, and coordination of initiatives in Africa.
- To provide recommendations for overcoming the identified challenges and difficulties, based on the expertise and experience of the Alliances, to maximize the benefits of carbon markets for achieving African NDCs as well as local beneficiaries.
Agenda:
| Time | Segment | Speaker |
| 07:00-07:05
(5 min) |
Welcome and overview of event objectives | Moderator: Rachel Pekker
EAA- Isaac |
| 07:05-07:15
(10 min) |
Keynote address; Minister of Environment Rwanda
Key note input: – Input on how Carbon Markets can help achieve NDC targets. – Alignment of financing of Carbon Markets. – Targets and achievements of the country. |
Hon Minister TBC |
| 07:15-07:20
(5 mins) |
Welcome remarks, German Foreign Affairs/BMZ (State Secretary) | tbc |
| 07:20 -07:25
(5 min) |
Overview of the Achievements and Impact of the Eastern and West Africa Alliance on Carbon Markets and Climate Finance | Isaac Rubayiza
EAA |
| 07:25 -07:40
(15 min) |
Panel discussion: Challenges and opportunities of developing carbon markets and implementing the green growth and just transition agenda in Africa (questions to guide panel discussion
· What are the capacity building needs of countries in Africa to participate in carbon markets and how can the fair pricing and benefit sharing of carbon be ensured in carbon markets? · What are the challenges of ensuring that the benefits of carbon markets are maximized for local beneficiaries in Africa? · What are the recommendations to the Alliances for overcoming the challenges of fair pricing/benefit sharing, addressing the capacity building needs of countries in Africa to participate and use carbon markets to achieve their NDCs? |
Panelists:
|
| 07:40 – 07:45
(5 min) |
Interactive Session: Q&A and Discussion with Participants
|
Rachel Pekker |
| 07:45-07:50
(5 min) |
Closing: Key Takeaways and Way Forward
|
Rachel Pekker |
Organizers:
- Eastern Africa Alliance on Carbon Markets and Climate Finance
- West Africa Alliance on Carbon Markets and Climate Finance
- Climate Finance Innovators project team
Participants:
- Members of the East African Alliance on Carbon Markets and Climate Finance
- Members of the West African Alliance on Carbon Markets and Climate Finance
- BMWK
- BOAD
- EADB
- United Nations Framework Convention on Climate Change (UNFCCC) Secretariat
Speakers:
- Minister of Environment Rwanda
- El hadji Mbaye DIAGNE AGN
- Moubarak MOUKAILA
- Rachel Boti-Douayoua
Conclusion:
This side event provided an important opportunity to discuss the challenges and opportunities of developing carbon markets in Africa, in a way that resonates with the objectives and ambition of the Paris Agreement. The event will also made recommendations for concrete actions that can be taken to accelerate the uptake of carbon markets in line with the Article 6 rulebook for advancing the green growth and just transition in Africa.
Member Countries
WAA
Benin, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea- Bissau, Mali, Niger, Nigeria, Liberia, Burkina Faso, Sierra Leone, Senegal, Togo and Mauritania
EAA
Burundi, Ethiopia, Kenya, Rwanda, Tanzania, Sudan and Uganda