Background

With the adoption of the Paris Agreement in 2015, the context in which carbon market mechanisms can be used has changed. Article 6 of the Paris Agreement establishes new mechanisms for voluntary international cooperation. At the same time, the future of the Clean Development Mechanism (CDM) is uncertain. African countries are keen to actively participate and shape the negotiations on cooperative approaches, CDM reform and (non-) market approaches. The Alliance works to inform country members on the issues under negotiation, link them to their domestic situations and coordinate a strong advocacy coalition.

The initiative of creating the West African Alliance on Carbon Markets and Climate Finance has been launched in Marrakech, during COP 22 in 2016. But the Alliance is officially constituted by resolution of the first meeting of founding members dated on june 30, 2017 in Cotonou, during the Africa Carbon Forum

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‘This project is part of the International Climate Initiative (IKI). The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supports this initiative on the basis of a decision adopted by the German Bundestag.’

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