Several countries in East Africa refer to the utilization of market mechanisms to facilitate the implementation of their Nationally Determined Contributions (NDCs).
In acknowledgment of the opportunities that Article 6 entails and the interrelated socio-economic impacts that climate change poses on the region, East African countries view sub-regional cooperation as a potential way for leveraging each other’s strengths on carbon market approaches and climate finance.
Supported by GIZ Global Carbon Market Project in East Africa on behalf of the German Federal Ministry for Environment, Nature Conservation and Nuclear Safety (BMU) in cooperation with the UNFCCC Regional Collaboration Center Kampala, Burundi, Ethiopia, Kenya, Rwanda, Tanzania and Uganda established the Eastern Africa Alliance on Carbon Markets and Climate Finance.
The Alliance was officially launched during a side event of the 50th UNFCCC Subsidiary Bodies sessions (June 2019). The Alliance National Focal Points, who are appointed by the member countries of the Alliance, endorsed the formal establishment of the Alliance and encouraged other countries in the extended region to seek membership. They further highlighted the importance of a common East African vision with regards to carbon markets and Article 6 as well as climate finance. This is also echoed in the specific objectives of the Eastern Africa Alliance, which are:
Inspired by the West African Alliance on Carbon Markets and Climate Finance, the secretariat of the Alliance will be anchored in a local or regional institution within East Africa to provide stability and continuity. The secretariat will comprise a dedicated technical advisor in charge of coordination of its activities. During the transition period of identifying a suitable secretariat, UNFCCC RCC Kampala and GIZ Uganda are serving this role in close coordination with member countries.
Through its established network of Alliance National Focal Points, the Alliance has identified several activities aimed at supporting the member states, such as:
For more information please contact: Please contact the Secretariat of the Eastern African Alliance on Carbon Markets email@example.com