Global Practice

Carbon Pricing Unit (CPU)

GGGI’s Carbon Pricing Global Practice supports the organization’s Member and Partner countries to set a price for carbon and access carbon finance. It plays an increasingly important role in delivering GGGI’s strategic outcomes, primarily by unlocking international carbon finance to increase ambition, above and beyond countries’ climate commitments under the Paris Agreement, but also by building knowledge and awareness on the mitigation potential of well-designed carbon pricing policies. It provides key services in carbon pricing policy design, development of regulatory frameworks and institutional capacity, design and structuring of transactions, and thought leadership. This work builds on GGGI’s strong track record in related issues such as the mobilization of over USD 270 million in results-based payments from the Forest Carbon Partnership and the Green Climate Fund through the design of emission reductions programs in Indonesia.

International carbon finance has the potential to become the dominant form of finance for climate action since it is transactional in nature, can involve the private sector in countries’ climate ambitions, and is only restricted by supply/demand dynamics associated with the mitigation outcomes. GGGI’s Carbon Pricing Global Practice is a leading actor in global piloting of international carbon transactions under Article 6 of the Paris Agreement. It is currently running programs funded by the Swedish Energy Agency and Norwegian Ministry of Climate and Environment to complete such transactions, which would be among the first in the world. Both programs are providing technical assistance to GGGI Member and Partner Governments to put in place the required capabilities for engaging in such carbon transactions on an ongoing basis. Further programs are being developed with the German government (under the IKI) and the Swiss (through the KliK Foundation). It is also collaborating with leading organizations in the field such as the World Bank, UNEP-DTU, Perspectives Climate Group, Carbon Limits and Pollination Group, to advance global thinking.

Projects

GIS03
Countries
GIS03 Article 6 Sectoral Approach and Enabling Environment
Start Date Q1 July 1 2019
Funding Source
Actual Budget (USD) 600,033
Status Active
Thematic Area
  • Green Cities
  • Sustainable Energy
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News

News • August 30, 2021

GGGI Designing Article 6 Policy Approaches (DAPA) Project: GGGI organizes the Steering Committee meetings in Morocco

Rabat, Morocco July 1 and August 5, 2021 – The Global Green Growth Institute (GGGI) in close collaboration with the Ministry of Energy, Mines and Environment-Department of Energy and Mines, successfully launched Phase 2 of the Designing Article 6 Policy Approaches (DAPA) Project in Morocco. A Steering Committee with representatives from key institutions within the […]

News • August 30, 2021

Rwanda launches new Project “Waste to Resources: Improving Municipal Solid Waste (MSW) and Hazardous Waste Management in Rwanda”

24th August, Kigali , Rwanda. The Ministry of Environment, City of Kigali, Ministry of Infrastructure and the Global Green Growth Institute launched the “Waste to Resources” project in the City of Kigali in Rwanda. The project is led by the Ministry of Environment of the Government of Rwanda and funded by the Ministry of Environment, […]

News • August 16, 2021

GGGI delivers a Capacity Strengthening Workshop on Mainstreaming Climate-Resilient Green Growth into Provincial Plans and Budgets, in Enga Province, Papua New Guinea (PNG)

Enga Province was the third pilot province to hold a capacity strengthening workshop on mainstreaming Climate Resilience and Green Growth (CRGG). Global Green Growth Institute delivered the workshop in Wabag under the leadership and guidance of the Enga Provincial Administration and Papua New Guinea’s Climate Change and Development Authority (CCDA). The target audience for the […]

GGGI Staff

Fenella Aouane

Deputy Director, Head of Carbon Pricing Global Practice

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