Policy brief: Africa is getting ready for Article 6

Many African countries are keen to participate in Article 6 mechanisms under the Paris Agreement. A multitude of piloting activities and readiness initiatives are underway to lay the groundwork for implementation. To enable the successful use of carbon market mechanisms in African countries, a well-designed multilateral rulebook is a necessary condition. Also, crucial low-emission development activities are more likely to translate into practical climate action when implemented alongside improved access to finance and a conducive domestic institutional set-up. These elements and lessons from existing mechanisms need to be considered when finalizing the negotiations on Art. 6 guidance and rules.