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DTSTART;TZID=Europe/Helsinki:20210926T140000
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DTSTAMP:20260404T004002
CREATED:20210915T104916Z
LAST-MODIFIED:20211118T111634Z
UID:1225-1632664800-1632668400@climatefinanceinnovators.com
SUMMARY:Africa’s carbon market achievements and potential: Key insights on existing portfolios and potential for transition to Article 6
DESCRIPTION:• 26 September 2021\, 2 PM CET / 3 PM EAT\n• Africa Climate Week 2021\, Virtual Thematic Sessions \nPresentation one: An overview of the Eastern Africa Carbon Market Portfolio by Timothy Cowman\n\nTracking dynamic data (and establishing data sharing practises) across the various standards is a critical base process for countries;\nAll countries built up invaluable experience under the CDM and VCM from prior consideration to registration and issuance;\nVCM is more significant in issuance volumes terms than the CDM;\nThere were dominant sectors (but variation): CDM – IPPs\, cook-stoves\, Water Purification\, GS – Cookstoves and VCS and PlanVivo – Forestry; \nDespite the successes much of the emission reduction potential remains locked in the pipeline which in part (CDM projects) is reaching the end of its shelf life;\nRecent activity from new demand centers and emerging mitigation actions (mini-grids) is encouraging in a very dynamic region\, especially considering the ability for existing PoAs (e.g. cookstoves) to scale.\n\n  \nPresentation two: The potential for transition to Article 6 in Eastern Africa by Bianca Gichangi\, Eastern Africa Alliance\n\nWhen an activity is eligible for transition\, it may continue to apply the currently approved CDM methodology either until of the end of its current crediting period or until 31 December [2023]\, whichever is earlier. Afterwards\, it shall apply an A6.4M methodology.\nThe issue of baselines and additionality is linked to principles of transparency and conservativeness. Several baseline approaches have been proposed and current discussions focus around availing menu of different approaches versus a single approach\nThere is an established definition of additionality under CDM however\, how to link to NDC and long-term strategies is unclear\nThe transition of carbon credit units – pre 2020 CERs is highly contentious. There is debate as to whether pre-2020 CERs can be used toward NDC targets and strong stands ‘against’ and ‘for’ transition of units. As of COP 25\, compromises put forward include cut-off dates for registered projects and having a reserve.\n\n  \nPanel discussion: \nPanelists: Herman Hakuzimana (Rwanda)\, Issa Nyashilu (Tanzania) \n\nRole of Article 6 carbon market activities for achieving NDC targets\n\n\nBoth panelists highlighted that article 6 of Paris Agreement will play an important role in the achievement of NDC targets through cooperative approaches\, building upon the experience of the Clean Development Mechanism (CDM) and other existing market mechanisms.\n\n\n6 readiness activities\, and required capacity suport\n\nRwanda:  \n\nBasing of Standardized Crediting Framework (SCF) pilot\, Rwanda is assessing requirements for its participation under Article 6 of the Paris Agreement. Rwanda is currently discussiong with Partners to put in place the necessary infrastructure and governance arrangements\, building on the piloted SCF done in 2018\nIn terms of capacity building\, there have not yet  developed clear modalities\, guidelines and legal framework and operational procedures for the approval of internationally transferred mitigation outcomes (ITMOs).\nIssuance and authorization of ITMOs will need deeper technical analysis to understand implications of their transfers and how to avoid double accounting. Capacity support is required to strenghen Rwanda’s readineass for Article 6 implementaiton.\n\nTanzania: \n\nArticle 6 is not yet well mainstrained in the national policies. Currently the country is using CDM market guidleline\nCapacity building support is required in order to strenghen Tanzania’s readiness for Article 6 implementation.\n\n  \nQ&A\n\nGoing forward in the PA regime the national approval of project will play a critical role in transition of existing project to Article 6. Are countries prepared to play this role in anticipation of positive outcome of COP26?\n\n\nMany countries\, including Rwanda and Tanzania\, have not yet developed the procedures. Countries expect clearer guidance on the procedures from COP26.\n\n\n\n\n	Speakers\n\nSTEPHAN HOCH\nPerspectives Climate Group \n\n\nTOM COWMAN\nClimateCare \n\n\n\n\n\nDownload PDF\n\n\n\nBelow you can watch the recording of the event. \n\n\nhttps://climatefinanceinnovators.com/wp-content/uploads/2021/11/ACW-Recording_210926-lores.mp4
URL:https://climatefinanceinnovators.com/event/africas-carbon-market-achievements-and-potential-key-insights-on-existing-portfolios-and-potential-for-transition-to-article-6/
LOCATION:Africa Climate Week 2021\, Virtual Thematic Sessions
ATTACH;FMTTYPE=image/png:https://climatefinanceinnovators.com/wp-content/uploads/2021/09/Africa-Climate-week-26.09.21-Event.png
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