Carbon market readiness pros and cons toward accelerating the attainment of the two agendas
Announcement in Brief
Despite the renewed interests, and drives demonstrated worldwide by policy makers, particularly after the wide adoption of the Agenda 2030, and Paris Agreement, to deploy carbon market policies (here in after termed interchangeably market instruments or mechanisms) to mobilize private sectors’ actions and scale-up climate actions, transition toward low-carbon economies, and SDGs’ progress, the ensuing financial flows that have been emerging globally, and chiefly across Africa region, are not yet at scale. Africa’s share in such global flows remains too marginal or invisible, except for South Africa, notwithstanding the vast potentials of region’s abundant resources that should have given rise to superior outcomes.
The course will have the following objectives :
- To provide an historical background in the development of global climate and carbon markets, with a main focus on the United Naions Framework Convenion on Climate Change (UNFCCC) and the Kyoto Protocol.
- To provide insights into regulatory and voluntary climate and carbon markets
- To enhance Africa’s greenhouse gas (GHG) emissions reducion efforts, thereby contribuing to climate-compaible and climate-resilient development.
- To present developments in the post-Kyoto Protocol climate and carbon markets, with emphasis on the Paris Agreement and the Glasgow Pact that embraces the NetZero emissions by 2050
- Tools and tacics of advocacy and campaigning
- To establish the readiness in policy and insituional frameworks for climate and carbon markets including regulatory mandates, incenives and market-driven solutions.
- To determine readiness parameters in financing the climate and carbon markets from private sector, Mulilateral Development Banks (MDBs) and other actors
- To build capacity to analyse, monitor, report and verify climate and carbon market development pathways and trajectories for Africa.
- To remove barriers surrounding green financing in Africa.