Abidjan, Côte d’Ivoire, May 8, 2024 – The Ministry of the Environment, Sustainable Development and Ecological Transition (MINEDDTE) of Côte d’Ivoire, in collaboration with the Global Green Growth Institute (GGGI) organized a two-day capacity-building workshop on Carbon Transactions and Identification of Potential Projects under Article 6 of the Paris Agreement. The two-day workshop, held on May 7 and May 8, 2024, aimed at enhancing the capabilities of national stakeholders in navigating the complexities of Article 6 transactions and project identification.
Article 6 of the Paris Agreement enables the transfer of carbon credits, units earned from reducing greenhouse gas emissions, to facilitate other countries reaching their climate targets fostering country cooperation, aiding to unlock financial support, and tackling climate change.
“Highlighting the myriad challenges within the framework of carbon market implementation, particularly concerning regulation and methodologies related to greenhouse gas (GHG) mitigation, is crucial,” said Dr. Alain Serges Kouadio, Green Growth Senior Program Officer at GGGI Côte d’Ivoire, at the workshop’s opening.
The capacity-building workshop resulted from coordinated support from the National Authority of the Clean Development Mechanism (NA-CDM), with GGGI’s technical assistance, and the Swedish government through the Swedish Energy Agency (SEA). This workshop has yielded invaluable insights into the detailed content of bilateral agreement, focusing on enhancing cooperation between Côte d’Ivoire and Sweden within the framework of Article 6. Specifically, it has shed light on the scope and potential for establishing robust cooperation mechanism to participate in cooperative approach under Article 6, highlighting commitments towards carbon transactions internationally, as outlined in Mobilizing Article 6 Trade Structure (MATS) program.
In Côte d’Ivoire, the MATS program assists carbon market players in building robust project portfolios, providing crucial support for two pilot mitigation activities by aiding their integration into the international carbon market. The program additionally assists the Government of Côte d’Ivoire in navigating Article 6 negotiations and trading effectively regarding the nation’s nationally determined contribution (NDC).
The workshop interactively fostered a deeper understanding of the carbon market, both on a national and international scale, with key considerations for the Government of Côte d’Ivoire on cooperation structures and transaction specifics under Article 6.
Mr. Anoma Dadie, the Technical Advisor to the Minister of Environment, Sustainable Development and Ecological Transition, provided an overview of Article 6’s implementation landscape and commended the MATS program’s initiative. “Côte d’Ivoire is determined to engage in the carbon market implementation process as its relevance to greenhouse gas mitigation efforts is important,” Mr. Dadie said.
Over the next few months, a series of capacity-building workshops are scheduled, covering various crucial aspects. These workshops will encompass sessions on developing mitigation activity idea notes and providing support to the Ivorian government in negotiations aimed at finalizing the bilateral agreement with Sweden. These initiatives are pivotal steps towards enhancing Cote d’Ivoire’s readiness and efficacy in navigating the complexities of international climate agreements and fostering sustainable development.