Climate change negotiators have agreed to continue working on a proposed new international carbon trading mechanism, after failing to reach agreement at the Bonn Climate Change Conference in Germany in June.
A new system under Article 6 of the United Nations Framework Convention on Climate Change (UNFCCC)’s Paris Agreement had been anticipated by some advocates, to replace the Clean Development Mechanism (CDM) which has proved of limited value to Africa.
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As part of African Energy’s research into climate and energy transition finance, we want to hear your experience of the carbon and renewable credit markets. We are seeking to understand how much of the voluntary carbon market – estimated by the World Bank Group to be worth $1bn in 2022 – is from credits issued from African projects and the challenges buyers and sellers face.
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