With the adoption of the Paris Agreement in 2015, the conditions under which market-based instruments can be used have changed fundamentally. Article 6 of the Agreement establishes new mechanisms for voluntary international cooperation. This includes cooperative approaches that can be developed bottom-up by countries as well as a new UNFCCC-governed mechanism for mitigation and sustainable development. At the same time, however, the future of the existing Clean Development Mechanism remains unclear.
In this context, West African countries have signaled an increased need to actively shape the negotiations on cooperative approaches and the new market mechanism, as well as the handling of existing CDM capacities. The aim is to ensure that they can use these instruments. Against this backdrop, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and Climate Focus in cooperation with the West African Development Bank, UNFCCC Regional Collaboration Centre Lomé and ENDA Energie are working together to promote an initiative aimed at strengthening opportunities for West African states to participate in future carbon markets: the West African Alliance for Carbon Markets and Climate Finance.
The initiative was launched at COP22 in Marrakech (November 2016) and builds on the positive experience of the World Bank's CDM Reform Working Group. By establishing a permanent regional structure with a Secretariat in Dakar, the Alliance aims to enhance the long-term position of West African countries to participate in international carbon markets and improved access to result-based climate finance for NDC implementation. To achieve these goals, the West African Alliance for Carbon Market and Climate Finance relies on the following activities:
The Alliance currently comprises Benin, Cape Verde, Cote d’Ivoire, The Gambia, Guinea, Guinea Bissau, Mali, Mauritania, Niger, Nigeria, Senegal and Togo.
In February 2018, the West African Alliance steering committee launched a call for submissions for its in-country readiness support programme. It was announced that Nigeria and Togo are to be the first countries to receive tailored readiness support. While Nigeria’s readiness focuses on its priority sectors and carbon market capacities, Togo aims to strengthen its MRV system capacities.
The West African Alliance readiness support programme to assist the Nigerian Ministry of Environment kicked off in August 2018. More
A scoping mission in July 2018 marked the start of the West African Alliance Article 6 readiness support programme in Togo. More
Implementation: West African Development Bank (BOAD)
Other parties involved: UNFCCC-RCC Lomé, ENDA Energie Dakar, Climate Focus
Lifecycle: since November 2017 (COP23)
Contact: Ousmane Fall Sarr, Alliance Coordinator, email@example.com
Further information: New support for West African Alliance