The Eastern Africa Alliance on Carbon Markets and Climate Finance is a coalition of seven member countries, Burundi, Ethiopia, Kenya, Rwanda, Tanzania, Uganda and Sudan. The Alliance was established in June 2019 during the 50th sessions of the UNFCCC Subsidiary Bodies; this was out of the need to participate, shape and enhance the regional readiness with regard to Article 6 of the Paris Agreement and the Voluntary Carbon Market.
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The Country Carbon Profiles provide a snapshot of national progress, policies, and opportunities in carbon markets across Eastern Africa. They highlight each country’s portfolio and opportunities for engaging in both Compliance and Voluntary carbon markets.
Carbon markets allow countries and companies to trade emission reductions, helping channel finance toward activities that lower greenhouse gas emissions. They create incentives for climate action while supporting sustainable development.
Climate finance enables funding that can support efforts to reduce emissions and adapt to climate change. It helps governments and communities access resources for building resilient and low-carbon economies, hence achieving their sustainable goals.
