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African Climate Week 2023 | Side event 2
Sep 7, 2023 @ 15:30 - 17:30
Harnessing the Voluntary Carbon Market for NDC Implementation: Designated National Authority (DNA) special technical discussion
Context and objectives:
This special technical discussion brought together experts, policymakers, and stakeholders from diverse organizations and countries. This discussion, hosted by the DNA Forum in partnership with BMWK, GIZ, the West and East African Alliance on Carbon Markets and Climate Finance, was an important opportunity for meaningful discussions, idea exchange, and identification of practical strategies to integrate the VCM in NDC implementation. The primary objective of the session was to explore the potential of the Voluntary Carbon Market (VCM) in advancing country National Determined Contributions (NDCs).
Agenda and detailed run-of-show:
The general details of the session are as follows:
- Date: 7th September 2023
- Time: 15:30-17:30
| Time | Topic | Panelists | Guiding questions |
| 15:30 – 15.40 | Introduction + table [BOG] allocation | Moderated by: Malin Ahlberg, BMWK | |
| 15:40 – 16:10
10` min per topic |
Panel discussion topics
• Supply and demand-side – what do we need for an integer and trusting market? {SEN and WAA} • How should host-countries guide VCM-investors to enhance NDC-implementation? • How can host-countries attract private sector to engage in the VCM? |
Panelists
• EAA • WAA • Ghana/Kenya • VCMi • Ind. crediting mechanism, e.g., GS Moderated |
Guiding questions can be same as in the BOGs below… |
| 16:10 – 17:00 | Discussion break out groups | ||
| BOG 1 | |||
| 07:15-07:20
(5 mins) |
Supply and demand side – what do we need for a trusting market?
Objectives Discussions explore the supply and demand-side dynamics of the VCM and the essential components necessary to foster integrity and trustworthiness of the VCM. |
Moderated by: Stephan Hoch, Perspectives
Co-hosted by: GIZ |
1. How can we ensure transparency and credibility in the VCM to build trust among buyers and sellers of carbon credits?
2. How can we establish effective and credible Measurement, Reporting, and Verification (MRV) mechanisms in the Voluntary Carbon Market (VCM) to ensure the reliability and authenticity of carbon credits?
|
| BOG 2 | |||
| How should host-countries guide VCM-investors to enhance NDC-implementation?
Objectives This topic explores strategies and best practices for host countries to attract and engage VCM-investors in projects that align with their NDC goals and priorities. Participants examine the role of policy frameworks, regulatory incentives, and supportive measures that can be implemented to create an enabling environment for VCM investments. |
Moderated by: [
Co-hosted by: BMWK (Rachel Pekker) |
1. What policy frameworks and regulatory incentives can hostcountries implement to attract and engage VCM-investors in projects that align with their National Determined Contributions (NDCs) and climate goals?
2. How can capacity building and knowledge sharing between host-countries and VCMinvestors be fostered to create an enabling environment for VCM investments and enhance NDC implementation? |
|
| BOG 3 | |||
| 07:25 -07:40
(15 min) |
How can host-countries attract private sector to engage in the VCM?
Objectives This topic speaks on how host-countries can attract and engage the private sector in VCM projects, emphasizing the significance of an enabling investment climate, transparent guidelines, financial incentives, and public-private partnerships. |
Moderated by: Climate Focus
Co-hosted by: GIZ (Ritah) |
1. What strategies and financial incentives can host-countries offer to attract private businesses and industries to actively engage in VCM projects and support climate actions aligned with National Determined Contributions (NDCs)?
2. How can public-private partnerships, capacity building, and knowledge sharing be leveraged to foster collaboration and trust between host-countries and private sector stakeholders, encouraging greater participation in the VCM and the implementation of climate actions? |
| 17:00 – 17:20 | Report back from each BOG | Moderated by: BMWK | |
| 17:20 – 17:30 | Reflections and closing remarks | Moderated by: |
The participants worked in 3-6 groups/tables for the BOGs (1-2 BOGs groups per topic).