Global Carbon Council to accelerate Africa’s carbon market infrastructure

Doha, Qatar: The Global Carbon Council (GCC) based in Qatar Science Technology Park (QSTP), the Global South s first carbon market program accredite...

Doha, Qatar: The Global Carbon Council (GCC) based in Qatar Science & Technology Park (QSTP), the Global South’s first carbon market program accredited by ICAO for CORSIA scheme, has signed Memorandums of Agreement (MoAs) with national climate institutions in Mali, Mauritania, and Niger to strengthen digital, interoperable carbon market infrastructure and advance readiness for Article 6 implementation under the Paris Agreement. 

GCC has also signed a Memorandum of Understanding (MoU) with the Eastern Africa Alliance on Carbon Markets and Climate Finance (EAA) – an intergovernmental organization that represents Burundi, Ethiopia, Kenya, Rwanda, Tanzania, Uganda, and Sudan.

The agreements were signed by Dr. Yousef Mohamed Alhorr, Founding Chairman of GCC, alongside country representatives:  Abdel Kader Bamadio, Alternate Focal Point for Article 6 of the Paris Agreement, Agency for Environment and Sustainable Development (AEDD), Republic of Mali. Moulaye Brahim Moulaye Driss, General Secretary, Ministry of Environment and Sustainable Development, Islamic Republic of Mauritania. Dr. Kamaye Maazou, Executive Secretary, CNEDD; UNFCCC National Focal Point, Republic of Niger.  Andrew Ocama, Coordinator, Eastern Africa Alliance on Carbon Markets and Climate Finance (EAA)

Recognizing the sovereign nature of Article 6.2, GCC has developed a Carbon Market Infrastructure (CMI) designed to enable compliant carbon markets in partner countries, supporting their efforts to meet Paris Agreement targets. The CMI provides a digital, interoperable system for registration, authorization, and tracking of mitigation outcomes, supporting bilateral and unilateral ITMO transactions. 

GCC’s existing Projects Portal and Transaction Registry form integral components of the CMI, apart from national registries and dashboards that will be deployed under this MoA. CORSIA-approved programs that incorporate all elements of high-integrity compliance markets can partner with countries to facilitate the issuance of high-integrity mitigation outcomes.