Innovate4Climate is an annual global conference on climate finance, climate markets and climate investments hosted by the World Bank Group and will be taking place virtually. Join the Eastern Africa Alliance on Carbon Markets and Climate Finance and our founder and Managing Director Virginia Echavarria on Wednesday, May 25, 2022 at 12:40-13:30 EDT /7:40 EAT.
The session: “Article 6 of the Paris Agreement in Africa: How can the private sector participate?”
With the recent finalisation of the Article 6 rule book, opportunities have arisen for the private sector to continue to meaningfully participate in a new generation of carbon markets while contributing to the implementation of different countries’ Nationally Determined Contributions (NDCs). With the limited public finances available for climate change mitigation, the private sector has been credited for their improved engagement in climate change mitigation actions. Private actors have and are contributing much-needed to the finance flows for various carbon market projects and facilitated technology development and transfer. Private sector have also played significant roles in enabling infrastructural development that have all contributed positively to mitigating climate change. This event will raise awareness on the key aspects of the Article 6 decisions relevant to private sector participation, share experiences and lessons from project developers and explore how financial institutions are supporting carbon market activities.
