Africa Carbon Markets Initiative (ACMI)
The Africa Carbon Markets Initiative (ACMI) was launched at COP27 in Egypt, by a coalition of organisations focused on high integrity climate impact, clean energy, and sustainable development, to accelerate the growth of Africa’s voluntary carbon markets.
The initiative was launched by the Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL) and the United Nations Economic Commission for Africa (UNECA) with support from the UN Climate Change High-Level Champions. It is led by a 13-person steering committee of African leaders and carbon market experts.
ACMI aims to help shape and harness the potential for carbon markets in Africa. Its focus is to capture more of Africa’s potential in carbon markets by addressing the challenges to voluntary carbon market growth and building the foundations for a thriving voluntary carbon market ecosystem in Africa by 2030.
This initiative will focus not only on driving decarbonization activities but also on driving economic development by supporting energy access, scaling the clean energy transition, protecting forests, improving agriculture, and creating new income sources.
Summit/ Mobilisation process: UNFCCC COP27, Sharm el Sheikh, Egypt (2022).
