Climate Finance Innovators

Aligning Nationally Determined Contributions with Long Term Low-Emission Development Strategies on Climate. Opportunities and Challenges in Africa.
2021-05-25 15:30 - 16:30 (Europe/Berlin) | I4C 2021
Workshop for Climate Innovation Series
https://www.innovate4climate.com/
Recording of the session: https://events.innovate4climate.com/meetings/virtual/BjZja82ch3bHmJseQ
25 May 2021, 9.30AM EDT / 1.30PM GMT / 3.30PM CET / 4.30PM EAT

The goal of the Paris Agreement is to keep the global temperature increase to well below 2°C and pursue efforts to limit the increase to 1.5°C. Parties to the Agreement have been invited to communicate their long-term low greenhouse gas emission development strategies considering the common but differentiated responsibilities and respective capabilities, in the light of different national circumstances. Similarly, Parties are invited to update and revise their Nationally Determined Contributions (NDC) reflecting their ambition.
In order to demonstrate the practicability and benefits of aligning the two processes of long-term planning and setting NDCs, the GIZ Global Carbon Markets (GCM) Programme in Uganda in collaboration with the Climate Change Department of the Ministry of Water and Environment with support from the Germany Federal Ministry of Environment, Nature Conservation and Nuclear Safety conducted a workshop. The workshop discussed the two policy processes important for understanding which short- and medium-term investments and measures can contribute to a country’s climate goals while enabling countries to reach their long-term goals. LTSs introduce a long-term perspective to policy planning that allows to consider whether certain activities may create long term lock-in effects into fossil fuel infrastructure even if they promise short term emission reductions compared to the status quo. This has implications on how to allocate resources, including international climate finance, capacity building and technology transfer.
Key takeaways:
• Long-term strategies can provide a clear signal that countries are committed to the ‘well below 2C’ goal. Showcase how countries are planning to achieve the required transformation while at the same time achieving their short to medium term climate goals.
• Provide a platform for countries to show progress and demonstrate how aligning the two processes helps them to advance the goals of the Paris Agreement by merging the development, mitigation and adaptation agendas.
• When embarking on these processes it is important to consider the role of national stakeholders from across society.

Moderator

STEPHAN HOCH
Perspectives Climate Group

Article 6 Piloting: State of Play and Stakeholder Experiences
2020-12-09 14:00 - 15:00 (Europe/Helsinki) | Webinar for Climate Innovation Series
Article 6 pilot initiatives are continuing to expand globally, even without the finalized UNFCCC rules. These pilots and enabling initiatives are providing valuable experiences for the Article 6 negotiations and a general understanding of how carbon markets will be operating under the Paris Agreement. The experiences made and lessons learned will be decisive for the transition into post-2020 carbon markets. The longer the regulatory uncertainty persists, the more important Article 6 pilot initiatives become in informing the international community on what workable solutions could look like, identifying practical questions and speeding up implementation once the rules have been agreed.
Objective of the webinar: This webinar will launch the study “Article 6 Piloting: State of play and stakeholder experiences” that features updates on Article 6 pilot activities and enabling initiatives on the ground, and further emphasizes stakeholder experiences and insights on piloting Article 6.

Article 6 of the Paris Agreement – What is it and Why is it Important for Business?
2020-11-19 16:00 - 17:30 (Europe/Helsinki) | Virtual Go-To-Meeting webinar
Part 2: The Value of Article 6 and Current Implementation Efforts
Article 6 of the Paris Agreement aims at promoting integrated, holistic and balanced approaches that will assist governments in implementing their nationally determined contributions (NDCs) – countries’ national emissions reductions targets – through voluntary international cooperation. This cooperation mechanism, if properly designed, could assist countries in raising the ambition of their NDCs and could also help to provide the policy foundation needed for the private sector to further drive investments in a sustainable and net-zero emissions economy, including through carbon pricing and emissions trading.
Building on notions and insights gained in the previous webinar, this second webinar looks at Article 6 more in detail. In particular, it discusses research and modelling work on the environmental and economic potential of Article 6 and reviews ongoing piloting efforts aimed at implementing Article 6 approaches in the real world. It does so by bringing together a panel of key Article 6 practitioners and researchers from different backgrounds. Presentations and panel discussion are followed by an interactive Q&A session with the audience.

Long Term Strategies (LTS) as a tool to raise climate ambition. Experiences from Africa
2020-11-17 14:00 - 15:00 (Europe/Helsinki) | Virtual Webex webinar
Different countries in Africa are in the process of developing their long-term strategies. In order to demonstrate the benefits of long-term planning and showcase the lessons learned from countries, the GIZ Global Carbon Markets (GCM) Programme in Uganda and Tunisia with support from the Germany Federal Ministry of Environment, Nature Conservation and Nuclear Safety in partnership with the Climate Finance Innovators (CFI) Project and the World Bank conducted a webinar during the Innovate4Climate online sessions.
Find out more:
If you missed any part of the presentation or would like to revisit key sections, it’s now available via
https://innovate4climate.pathable.co/meetings/uHASBoghzekpwjb86

Article 6 piloting: State of play and stakeholder experiences
2020-11-12 14:45 - 15:15 (Europe/Helsinki) | Virtual Zoom webinar
This event shares insights from the updated study on global Article 6 piloting and enabling initiatives, including stakeholder experiences made so far. The pilots and enabling initiatives are providing valuable experiences for negotiations and a general understanding how carbon markets will be operating under the Paris Agreement.

Piloting Article 6: Experiences from East and West Africa
2020-11-10 12:30 - 13:30 (Europe/Helsinki) | Virtual Zoom webinar
The event introduces the next generation of global carbon markets under Article 6 of the Paris Agreement. Drawing on work from the IKI funded Climate Finance Innovators (CFI) and West African Alliance on Carbon Markets and Climate Finance 2020-2023 (WACC) projects, the presentation focuses specifically on the relevance of Article 6 for Africa. These projects aim at establishing innovative linkages between UNFCCC market mechanisms and international climate financing institutions such as the Green Climate Fund (GCF), but also support African countries in accessing carbon markets and climate finance in order to strengthen their Nationally Determined Contributions (NDCs). Moreover, both projects work with African climate negotiators to contribute to the design of Paris Agreement policy instruments – in particular Article 6.
Find out more: IKI Newsstory – Senegal project approval
https://www.international-climate-initiative.com/en/news/article/100_solar_mini_grids_in_1000_villages_in_senegal

Eastern Africa carbon market engagement: Regional foundations for Article 6 implementation
2020-09-21 13:00 - 2020-09-25 15:00 (Europe/Helsinki)
An online dialogue and peer to peer exchange for regional carbon project developers
21, 23, 25 September 2020, 1PM CET/ 2PM EAT
Host: GIZ Global Carbon Markets Programme Uganda-East Africa (GCM), supported by the German Federal Ministry of Environment, nature Conservation and Nuclear Safety (BMU)
Organizers: The Eastern Africa Alliance on Carbon Markets and Climate Finance (EA Alliance), UNFCCC Regional Collaboration Centre kampala (RCC Kampala) and the Climate Finance Innovators Project.
Co-oganizers/Facilitators: Perspectives Climate Group and Carbon Africa

Links:
Link to concept note (pdf file)
Link to Workshop report (pdf file)
Link to presentations (external website)
Sessions:
Session 1 (21 Sep): Carbon market engagement & CDM Transition
Session II (23 Sep): Key features of the Paris Agreement and NDCs
Session III (25 Sep): Piloting Article 6
Objectives:
The main aim of the dialogue was to build readiness for the potential CDM transition and future implementation of Article 6 amongst existing and aspiring carbon asset developers by providing participants with:

Access to the latest and practicably applicable information relating to;
Experiences and current status of carbon market mechanisms including the CDM and voluntary standards across Eastern Africa;
Current status and key issues of international climate negotiations on Article 6 as well as CDM transition;
Key impacts of the Paris Agreement and country NDCs on future carbon markets (e.g. accounting requirements for carbon credits such as corresponding adjustments);
Status and opportunities related to piloting Article 6 in Eastern Africa and beyond;
Emerging carbon market demand from a wide range of sources including governments and the voluntary carbon markets;
How the private sector can prepare for and aim to get involved with Article 6;
Access to a regional community of practice and networking opportunities for carbon project developers across Eastern Africa, building on similar interactions in recent years.

Key Take-aways:
The lack of clarity at the UNFCCC Intergovernmental level is viewed as an extremely serious market concern that, coupled with postponement of COP26, means there is a real risk of having a CDM regulatory gap after 2020. In response, certain project developers in the region are already stalling on verification investment decisions and considering a shift to the voluntary carbon standards. This has the potential to fundamentally undermine international confidence, in particular of the private sector, in multilaterally governed market mechanisms.
The carbon market is living through a dynamic transition period and it is increasingly challenging to keep track of developments that potentially have an impact on both existing and planned assets.
Emerging significant initiatives developed under the potential future provisions of Article 6 have raised interest in regional carbon asset developers even though there remains a lack of clarity on the exact role they could play. In that regard there is growing pressure on host Governments across the region to ramp up, with urgency, the reaction of long term politically mandated governance structures that will enable confident engagement under Article 6.

CFI speakers

Stephan Hoch, Axel Michaelowa, Perspectives Climate Group;
Tim Cowman, Carbon Africa

Harnessing synergies between carbon markets and climate finance for achieving ambitious NDCs
2019-12-12 12:30 - 14:00 (Europe/Helsinki) | COP 25, Av. del Partenón, Nº 5,, Madrid, 28042, Spain
IETA Pavilion
The event presents initiatives from African countries that develop innovative synergies between market mechanisms and climate finance.
Senegal showcases how these activities support in achieving their NDC targets as well as readiness preparations for next generation carbon markets under Article 6.

Speakers

MADELEINE DIOUF SARR
Ministry of Environment and Sustainable Development, Senegal

STEPHAN HOCH
Perspectives Climate Group

SANDRA GREINER
Climate Focus

OUSMANE FALL SARR
ASER Senegal / West African Alliance

El HADJI MBAYE DIAGNE
Afrique Energie Environnement

A few impressions from the Side Event:
“We, African, are willing for a robust accounting system on emissions reduction and international emissions trading. Our interest is the highest integrity”.

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East African Regional Workshop
2019-10-02 | Capital Hotel, Addis Ababa, Ethiopia, 22 Haile Gebre Silase St, Addis Ababa, ET 1878, Ethiopia
The Climate Finance Innovators project successfully conducted a one-day workshop on the 2nd October 2019 in Addis Ababa, Ethiopia under the topic ‘Managing the transition from Kyoto to Paris – the potential of carbon markets and climate finance for East Africa’. The objective of the workshop was to facilitate mutual learning about successful elements of climate finance mobilization and to identify common challenges. Stakeholders from several East African countries shared progress updates and experiences relating to the development of funding proposals, financing mechanisms, MRV systems and NDC accounting.
Furthermore, the workshop participants were invited to attend a subsequent two-day ‘Carbon Markets Dialogue’. The regional dialogue was co-organized by the Climate Finance Innovators together with the GIZ Global Carbon Markets Programme, both supported by the German Federal Ministry of Environment, Nature Conservation and Nuclear Safety (BMU), and in collaboration with GIZ Energising Development Ethiopia with support from Irish Aid, as well as the UNFCCC Regional Collaboration Centre.
Participants gained an improved understanding of the new generation of carbon markets and climate finance instruments of the Paris Agreement. Moreover, the workshop served to jointly reflect on the successes and failures generated by the Kyoto mechanisms in order to provide input to the ongoing rule-setting for the Paris Agreement’s instruments, as well as the preparations by East African countries for accessing these funding sources.

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Webinar | Next Generation Carbon Markets
2019-09-09 13:00 - 14:30 (Europe/Helsinki)
In this Webinar the Climate Finance Innovators project present and discuss insights from Article 6 negotiations in the lead up to COP25 and analyse the emerging landscape of Article 6 pilots.
While Article 6 was the only item not finalized during COP24, Parties have made significant progress over the latest negotiation rounds to structure the new carbon market rules and to tackle the remaining technical intricacies of the mechanisms.
This period of uncertainty has also given rise to a number of initiatives that aim to test and prepare for these new rules and that already offer vital insights into the potential implementation of Article 6.

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Piloting Article 6 carbon market cooperation – additionality and methodological issues
2019-08-21 12:30 - 14:00 (Europe/Helsinki) | Salvador Hall, Av. Luis Viana Filho, s/n, Paralela, Salvador, Bahia, 41730-101, Brazil
This workshop discusses key Article 6 issues for resolution at COP25. Under Article 6, crediting transformative/sectoral activities becomes important. This new setting impacts how environmental integrity can be ensured through robust additionality determination and baseline setting. Latin American government representatives and international experts will present insights from Article 6 pilots and discuss: How does the NDC influence Article 6 additionality and baseline establishment in order to promote increased ambition and environmental integrity? How can existing tools such as CDM methodologies serve as building blocks for emerging mechanisms? What lessons can be drawn from Article 6 pilots regarding these topics?

Key lessons from Article 6 pilot activities
2019-06-04 10:45 - 11:45 (Asia/Shanghai) | I4C 2019 – Marina Bay Sands Expo and Convention Centre, 10 Bayfront Ave, Singapore, Singapore
The Paris Agreement established a future for carbon markets under Article 6. While the rulebook is still being negotiated, pilot activities around the world are offering first lessons to take into account in the operationalization.
This workshop addressed key stakeholders interested in Article 6 piloting and results-based climate finance from both buyer and seller countries. The session was organized jointly by Perspectives Climate Group, representing the Climate Finance Innovators Project, by South Pole and the World Bank.
Perspectives shared observations and lessons learned from Article 6 readiness and piloting in low-income countries in Africa and LDCs.
South Pole presented key considerations from middle-income countries with a focus on piloting activities in Colombia.
The World Bank discussed sub-regional aspects of the piloting activities.

Speakers

AXEL MICHAELOWA
Senior Founding Partner, Perspectives Climate Group

JEFF SWARTZ
Director, Climate Policy and Carbon Markets, South Pole

HARIKUMAR GADDE
Senior Carbon Finance Specialist, World Bank

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Carbon Market and Climate Finance support for NDC implementation in Senegal
2019-05-22 09:00 - 17:00 (Europe/Helsinki) | Hotel Le Ndiambour, SN, 121 Rue Carnot, Dakar, 11000, Senegal
Senegal is already engaged in a variety of initiatives and efforts seeking international market cooperation under the Paris Agreement and climate funding for its NDC mitigation objectives. Continued capacity strengthening of national bodies and private actors is deemed necessary by the Direction de l’Environnement et des Etablissement Classés (DEEC) from the Ministry of Environment and Sustainable Development (MEDD), acting as both Senegal’s NDC coordinator, CDM Designated National Authority as well as National Designated Authority to the GCF.
This workshop thus brought together over 80 public and private sector stakeholders to take stock of ongoing initiatives in Senegal and discuss opportunities, capacity needs and open questions about COP24 Katowice and Paris Agreement Art. 6 current situation, Senegalese ongoing initiatives on carbon markets and climate finance, and the underlying opportunities for its NDC implementation. Identified needs, updated concerns and other outcomes from the workshop will form the basis for further targeted capacity support.

AEE and Climate Focus reported latest updates on Carbon markets under the Paris Agreement
DEEC, AERA Group and Meridiam discussed the Senegalese CDM mitigation pipeline – experiences and opportunities
DEEC and FONSIS reviewed Senegal’s mitigation pipeline for the GCF
AEE and DEEC explored domestic carbon pricing in Senegal and a national platform for carbon markets and climate finance

A project-specific work-session was also held the day before on the GCF funding for the ASER Rural Electrification programme, with BOAD and DEEC.
A consultation meeting on Article 6 pilot initiatives in Senegal took place the day after, featuring ASER’s Standardized Crediting Framework (SCF) and the National Biogas Program (PNB) proposed transaction with KliK foundation.

Operationalizing Article 6 of the Paris Agreement
2019-03-17 - 2019-03-18 | Accra International Conference Centre, Castle Rd, Accra, Ghana
Two-day event which brought together over 40 West African Alliance country representatives and its strategic partners. While the workshop covered a broad spectrum of topics, two issues stood out in particular: the need to foster the debate on operationalizing Article 6 at member country level and the question how to connect private sector initiatives under the Clean Development Mechanism (CDM) and voluntary carbon markets with the countries’ national aspirations under the Nationally Determined Contributions (NDCs).

Harnessing Synergies between Market Mechanisms and Climate Finance
2018-12-13 09:00 - 10:30 UTC | COP 24 – Międzynarodowe Centrum Kongresowe, plac Sławika i Antalla 1, Katowice, 40-163, Poland
This side event presented a project to pilot replicable climate financing models in Africa, drawing on ongoing experiences in Ethiopia, Senegal and Uganda. The pipeline of activities under the CDM was assessed regarding the feasibility of mobilizing international climate financing and projects that are to be brought into the pipelines of these institutions. Partner governments showcased how these activities help to implement the NDCs currently under revision.

Speakers

AXEL MICHAELOWA
Perspectives
Moderator

GARETH PHILLIPS
African Development Bank
Opening Remarks

Panelists

EL HADJI MBAYE DIAGNE
Afrique Energie Environmment
Africa’s Negotiation Priorities for Article 6

ANNE OMAMBIA (tbc)
Kenya DNA
The Role of the Public Sector in Mobilizing Climate Finance

LOUISE BROWN
African Development Bank
The Adaptation Benefit Mechanism: Potential for Africa through AfDB Activities

STEPHAN HOCH
Perspectives

SANDRA GREINER
Climate Focus
African Experiences and Potential on Linking Market Mechanisms and Climate Finance

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Progress on Art. 6 – Moving towards implementation
2018-12-08 18:30 - 20:00 UTC | COP 24 – Międzynarodowe Centrum Kongresowe, plac Sławika i Antalla 1, Katowice, 40-163, Poland
The side event discussed critical aspects that should be addressed by future Article 6 activities, including upscaling to programmatic and policy-based crediting approaches, ambition raising under the Article 6.4 Mechanism, the operationalization of safeguards for environmental integrity and additionality.

Speakers

DR. IGOR SHISHLOV
Perspectives
Introduction and Moderation

WOLFGANG OBERGASSEL
Wuppertal Institute
Achieving overall mitigation ambition under the Art. 6.4 mechanism

AGLAJA ESPELAGE
Perspectives
Piloting Art. 6 activities – key issues to be tested and emerging experiences

JÜRG FÜSSLER
INFRAS
NDC ambition raising under the Art. 6.4 Mechanism

ASMAU JIBRIL
Federal Ministry of the Environment, Nigeria

OUSMANE FALL SARR
West African Alliance
Article 6 from a West African implementation perspective

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Linking Carbon Markets and Climate Finance in African Countries
2018-12-06 18:30 - 20:00 UTC | COP 24 – Międzynarodowe Centrum Kongresowe, plac Sławika i Antalla 1, Katowice, 40-163, Poland
This side event presented research findings and efforts to pilot replicable climate financing models in Ethiopia, Senegal and Uganda that are based on the pipeline of activities under the CDM. The government of Senegal showcased how these activities support the implementation of their NDC goals.

Speakers
MADELEINE DIOUF SARR
Ministry of Environment and Sustainable Development, Senegal
Introduction and Keynote
DR. AXEL MICHAELOWA
University of Zurich
Moderator

STEPHAN HOCH
Perspectives
Climate Finance Innovators Project: Article 6
Readiness and COP24 Priorities
El HADJI MBAYE DIAGNE
Afrique Energie Environnement
Africa’s Negotiation Priorities for Art. 6

CHEBET MAIKUT (tbc)
Ministry of Water and Environment, Uganda
Uganda’s Experience with Mobilizing International Climate Finance
ZERIHUN GETU
Ministry of Finance, Ethiopia
Ethiopia’s Experience with Mobilizing International Climate Finance

OUSMANE FALL SARR
ASER, West African Alliance
Linking Market Mechanisms and Climate Finance

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