The lead negotiator for the African bloc at the UN climate talks has called for a unified minimum price on Article 6 carbon credits across the continent. This proposal aims to prevent countries from undercutting each other and support the financing of high-quality, impactful projects.
Tree seedlings of identical height, ready to be planted, lined up in rows within the lush Zambian forest. AI generated picture.
Speaking at a government-hosted meeting in Zambia, the chair of the Africa Group of Nations (AGN), Ali Mohamed, emphasised the importance of a coordinated approach. He suggested that a regional ‘floor price’ for carbon credits could help African countries present a united front.
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Mohamed also stressed the need for African nations to negotiate collectively for equitable and beneficial rules under the Paris Agreement's Article 6 carbon markets. With Africa expected to dominate these markets, especially under the Article 6.4 mechanism, securing the right conditions for carbon reduction projects is critical. However, Mohamed warned against excessive harmonisation of regulations, advocating instead for frameworks tailored to each nation's unique climate goals.
Over the past year, more African nations have followed Kenya, Ghana, and Tanzania in developing carbon credit frameworks. Major economic players like Egypt and South Africa are now preparing to promote project-based carbon trading on exchanges.
The meeting in Lusaka, supported by the German government and the Global Green Growth Institute, follows last year's Africa climate summit in Kenya. Despite increased interest in carbon credit frameworks across the continent, a unified approach remains elusive as nations grapple with economic pressures and competition.
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As African countries continue to advance their carbon credit strategies, the need for cooperation and consensus becomes increasingly urgent to ensure that carbon finance supports sustainable development across the region.
DGB Group's carbon projects are dedicated to nature conservation and biodiversity through nature-based solutions. We develop projects in high-priority areas like Africa that not only restore vital ecosystems but also benefit local communities by creating jobs, offering training, and providing additional income opportunities. By supporting our initiatives, you contribute to the restoration of nature and the enhancement of local livelihoods.
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