Eastern Africa Alliance on Carbon Markets and Climate Finance
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Home > Non Profit > Strengthening Partnerships for Cooperative Approaches
23
Jul

By: Adminalliance

Comments: 0

In a first of its kind event co-organized by the Eastern and West African Alliances on Carbon Markets and Climate Finance, many countries from Eastern and West Africa joined the online roundtable event that brought together countries looking to transfer and acquire internationally transferred mitigation outcomes (ITMOs). The event showcased and discussed existing and emerging initiativespiloting cooperative approaches under Article 6.2.

These Initiatives are driven by countries, multinational and national institutions, such as Japan (JCM), Klik Foundation (Switzerland), World Bank (Ci-Dev) the Swedish Energy Agency (SEA) as well as the Nordic Environment Finance Corporation (NEFCO) and are in different stages of cooperation. The participants had the chance to get an insight on the different initiatives and their engagement models, share country experiences, and also exchange on how to make cooperative approaches work.One of the conclusions was that host countries require a strong institutional set up in the respective countries with decision authority and the political mandate to engage in cooperative approaches. This will require capacity building and awareness raising amongst different actors in Eastern and West African countries.

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  • Non Profit
Eastern Africa Alliance on Carbon Markets and Climate Finance

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 born out of the need to participate, shape and enhance the regional readiness with regard to the new generation of market mechanisms under Article 6 of the Paris Agreement.

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