Increasing Carbon Market Demand in Africa: A European-African Dialogue

Increasing Carbon Market Demand in Africa: A European-African Dialogue

Increasing Carbon Market Demand in Africa: A European-African Dialogue

This brochure summarizes a panel discussion that took place on 13 April 2015 at the African Carbon Forum in Marrakech. It forms part of the ongoing political dialogue between European and African negotiators on carbon markets in the new agreement and possibilities for cooperation through climate finance. The Panel was organized by Climate Focus in collaboration with the German Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB). African countries and least-developed countries have received major efforts in CDM capacity building. They also enjoy preferential treatment under the third phase of the EU ETS. Yet, Africa continues to be last in reaping the benefits of carbon markets. The political will to improve regional distribution has not translated into a viable demand for credits from an increasing African pipeline. The panel explored what more can be done in support of African GHG reduction projects pre and post 2020. The African ministers' conclusions drawn from the Forum may be found here.