ENGLISH vers.
FRENCH vers.
Carbon Pricing in Africa: Opportunities for action at sub-national level
The implementation of African NDCs would require about $4 trillion for mitigation and an additional $488 billion for adaptation by 2030. The achievement of this objective of mobilizing climate finance can only be achieved through the use of innovative mechanisms and instruments, in particular those provided under the international cooperation approaches of the Paris agreement, in connection with the development of the carbon market in Africa.
The establishment of a carbon market, which has become an important new source of financing for carbon mitigation projects and programs, is indeed an effective lever for accelerating the reduction of GHG emissions as well as the establishment of a transparency framework linked to the MRV system that supports it. In this perspective, the adoption of a structuring and inclusive approach has proven its effectiveness in developed countries and is beginning to inspire developing countries and LDCs, especially given the enormous potential that African countries have in terms of emission reductions that can be put on sale in the framework of the international carbon market. This potential is estimated at 1.5 Gt CO2 by 2030, which could generate an additional income of $29 billion that could potentially be reinvested to increase the ambition and accelerate the implementation of CDNs.
Important initiatives have been launched to promote this bottom-up dynamic which aims at ensuring better integration between the national and local levels and creating an enabling environment for the implementation of the Paris agreement. This workshop aims to contextualize carbon pricing and its objectives in relation to sub-national actors in Africa. It focuses on locally appropriate carbon pricing instruments and how to address some of the challenges of carbon pricing.
Program
Time: 10:00 AM - 12:PM EDT
Duration: 2 hours
Opening Remarks:
Ms. Wendy Hughes, Manager, Carbon Markets and Innovation, World Bank
Mr. Jean Pierre Elong Mbassi, Secretary General, UCLG Africa
Keynote Address:
Minister Lee White, Minister of Environment, Gabon
Video intervention:
Importance of engaging local authorities in climate action; Ms. Ishanlosen Odiaua, Senior Social Development Specialist, World Bank
Scene-Setter Address:
Mr. Andrei Marcu, Founder & Executive Director, ERCST
Intervention:
Opportunities of carbon pricing and markets in Africa. Ms. Mandy Rambharos, Head of Just Energy Transition, Eskom
Panel 1
How African cities can contribute to ensure a successful transition from the Clean Development Mechanism (under the Kyoto Protocol) to Article 6 of the Paris Agreement with a view to achieving national commitments?
Ms. Rachel Boiti-Douayoua, Representative of the Ministry of Environment and Sustainable Development, Cote d’Ivoire
Mr. Yassine Daoudi, Mayor of Guisser, Morocco; Vice President of AMPCC (French speaker)
Mr. Frederic Vallier, Secretary General, Council of European Municipalities and Regions (CEMR)
Mr. Yacoubou Bio Sawe, Chief of Staff to the President and Director of the Environmental Management and Sustainable Development Unit, BOAD
Moderator: Ms. Rokhaya Sy Gaye, President of the Tournesol Association, African Gender Group, Country Monitor for GCF - Ville de Dakar
Intervention:
Opportunities for investment and finance for climate action in Africa. Rachael Antwi, Head Sustainable Finance, Koa Capital
Panel Discussion 2:
What are the most effective ways to involve sub-national authorities in the strategy of implementing a national and regional framework on the carbon market and consequently structure the operational framework of cities and territories in the carbon market?
Ms. Hakima El Haite, President, World Federation of Liberal and Democratic Parties, Morocco; Former Minister of Environment, Morocco
Mr. Anthony Nyong, Director for Climate Change and Green Growth, AfDB
Mr. Andy Deacon, Director of Strategy and Operations, GCoM
Mr. Naguib Amine, Team Leader, Climate Med
Mr. Stephan Pouffary, President, ENERGIES2050
