NAIROBI, Kenya, 31 July 2025-/African Media Company (AMA)/-The African Union Improvement Company (AUDA-NEPAD) right now introduced a collection of daring initiatives to raise Africa’s position in world carbon markets and guarantee they ship each local weather and growth advantages for the continent.
The bulletins have been made at a high-level continental dialogue convened in collaboration with the Authorities of Kenya and Afreximbank. The session opened with statements from H.E. Dr. Deborah Mlongo Barasa, Cupboard Secretary for Setting, Republic of Kenya; Ambassador Ali Mohamed, Kenya’s Particular Local weather Envoy; Neil Wigan OBE, British Excessive Commissioner to Kenya; and Estherine Fotabong, Director of Programme Innovation and Planning at AUDA-NEPAD — reflecting robust political and institutional dedication to Africa’s rising management in carbon markets. The UK is supporting these efforts as a key technical accomplice to AUDA-NEPAD, together with by the secondment of UK local weather skilled Ravi Raichoora to the company.
All through the session, AUDA-NEPAD engaged immediately with senior representatives from African Union member states, together with Madagascar, Kenya, Nigeria, Ethiopia, Ghana, Liberia, and the DRC, who shared their experiences, challenges, and aspirations in navigating carbon markets. Member States emphasised the very important position AUDA-NEPAD can play — leveraging its continental mandate to advertise higher cohesion, alignment, and technical assist throughout the area. In parallel, views from world standard-setters such because the VCMI and ICVCM, ranking companies like BeZero, and main venture builders provided priceless insights into how African priorities might be higher mirrored in world frameworks.
On the occasion, AUDA-NEPAD unveiled three main outcomes designed to advance Africa’s carbon market ambitions:
1. The African Integrity & Fairness Ideas for Carbon Markets — a pioneering framework articulating Africa’s imaginative and prescient for high-integrity, socially inclusive carbon markets. These ideas, which shall be formed by broad stakeholder engagement, place social worth on the core of market participation. A draft shall be introduced for formal session on the Africa Local weather Summit 2 in Addis Ababa (9–12 September).
2. A Continental Coordinating Mechanism — comprising technical consultants and focal factors from throughout the 55 AU Member States and regional carbon market alliances. This mechanism will cut back fragmentation, promote shared priorities, and strengthen Africa’s collective voice in world carbon market negotiations, thereby fostering a extra coherent, clear, and investable surroundings.
3. A Digital Monitoring Platform for Article 6 Readiness — at present beneath growth, this device will provide real-time insights into country-level progress. It’s going to allow governments, the non-public sector, and growth companions to determine alternatives, monitor implementation, and direct capacity-building assist the place most wanted. As well as, the platform will assist the event of a continent-wide glossary of carbon market terminology, enhancing consistency and alignment with worldwide finest practices.
The occasion additionally featured robust engagement from the non-public sector, together with venture builders, advisory companies, and ranking companies. Personal actors and Member State representatives alike welcomed these three key outcomes as crucial enablers to unlock Africa’s carbon potential.
Tijani Nwadei, Associate and Co-founder of Visuias Restricted, a carbon markets advisory agency, underlined the significance of AUDA-NEPAD’s coordinating position in catalysing participation, enabling benefit-sharing, and supporting the actualisation of a market that locations Africa on the forefront of world provide. Andrew Ocama, Coordinator for the Jap Africa Alliance on Carbon Markets and Local weather Finance, welcomed AUDA-NEPAD taking up a number one coordination position for carbon markets throughout the continent, emphasising that such management is important to forestall fragmentation and guarantee coherent regional implementation. El-hadj Mbaye, Africa’s lead negotiator for Article 6, referred to as on Member States to take an energetic position in understanding and interesting in carbon markets, stressing that Africa should form the way forward for carbon finance — not merely take part in it.
Distributed by African Media Company (AMA) on Behalf or Auda-Nepad
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