The potential for referencing market mechanisms in INDCs - Information note

The potential for referencing market mechanisms in INDCs - Information note

Cookstoves in Kenya

Copyright: Szymon Mikolajczyk

Market mechanisms such as the Clean Development Mechanism (CDM) could open up an attractive additional funding source for enabling investments in renewable energy in Africa. Mentioning the use of market mechanisms in Intended Nationally Determined Contributions (INDCs) sends a strong signal in support of market mechanisms and the CDM to the Parties negotiating the new climate agreement in Paris. In an assignment for the Regional Collaboration Centre (RCC) in Kampala, Climate Focus and Carbon Africa have prepared a briefing note for African countries on dealing with market mechanisms in their INDCs.