This explainer provides a comprehensive overview of carbon markets and their potential to finance climate action in Eastern Africa. Developed under the GIZ Global Carbon Market Project, it explains:
- The evolution of carbon trading under international frameworks
- The role of carbon credits and mechanisms like Article 6 of the Paris Agreement
- How carbon markets can support clean energy, reforestation, and e-mobility projects in the region
- Key challenges, such as regulatory readiness, integrity standards, and the need for capacity-building
The guide positions carbon markets as a strategic tool for mobilizing climate finance and delivering sustainable development outcomes in the region.