Carbon Pricing Global Practice
GGGI’s Carbon Pricing Unit aims to support GGGI’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.
International carbon finance has the potential to become the dominant form of finance for climate action because it involves multiple stakeholders crucial to solving the climate crisis such as the private sector and governments that determine countries’ climate ambitions. Currently, carbon finance is only restricted by supply/demand dynamics associated with mitigation outcomes. Rising to contribute to solving these restrictions and open carbon markets, GGGI’s Carbon Pricing Global Practice is a leading actor in global piloting of international carbon transactions under Article 6 of the Paris Agreement.
Projects
UG56
Thematic Areas
Countries
UG56 Creation of a Climate Finance Unit (CFU) and the COP26 Taskforce at MoFPED
Start Date | Q2 April 21, 2022 |
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Funding Source | |
Actual Budget (USD) | 1,950,000 |
Status | Active |
Thematic Area |
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GY05
Thematic Areas
Countries
GY05 Monitoring, Reporting and Management Support for Guyana-Norway Partnership portofolio
Start Date | Q3 2021 |
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Funding Source | |
Actual Budget (USD) | 1,168,923 |
Status | Active |
Thematic Area |
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RW31
Thematic Areas
Countries
RW31-Smart and Electric Public Transport Services for Low-Carbon City Development in Rwand
Start Date | Q3 2021 |
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Funding Source | |
Actual Budget (USD) | 150,000 |
Status | Active |
Thematic Area |
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RW27
Thematic Areas
Countries
RW27-Supporting the Transition to E-mobility in Rwanda
Start Date | Q1 2021 |
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Funding Source | |
Actual Budget (USD) | 47,574 |
Status | Active |
Thematic Area |
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GIS03
Thematic Areas
Countries
GIS03 Article 6 Sectoral Approach and Enabling Environment
Start Date | Q1 July 1 2019 |
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Funding Source | |
Actual Budget (USD) | 600,033 |
Status | Active |
Thematic Area |
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News
News • May 10, 2023
GGGI Releases Guideline to Mitigation Outcome Purchase Agreements
Seoul, Republic of Korea, – May 10 2023 – Purchase agreements are a common practice in all types of carbon markets, including voluntary and compliance markets. Some of the elements from Article 6 that might be reflected in the so-called Mitigation Outcome Purchase Agreements (MOPAs) include provisions related to corresponding adjustments (CAs), registries, safeguards, and […]
News • May 1, 2023
Africa’s Green Economy Summit connects global capital with green economy projects from across the continent
February 22-24th 2023, Cape Town, South Africa – the Global Green Growth Institute as a key partner of the Africa Green Economy Summit this year joined participants from across the globe to share their insights, experience and knowledge on green economy initiatives lead by GGGI and partners. With the the event theme for 2023 “Driving […]
News • March 30, 2023
GGGI and partners hold SPAR6C program launch event and facilitate strategic dialogue between Germany and Zambia on Article 6 readiness and cooperation.
Lusaka, Zambia March 28, 2023 – The Global Green Growth Institute and partners have organized two important events in the Republic of Zambia under the German-funded “Supporting Preparedness for Article 6 Cooperation” (SPAR6C): an official launch event and a strategic dialogue on Article 6 implementation. The events strengthened the partnership between the German and Zambian […]
News • March 15, 2023
GGGI Morocco Scales-up capacity building on Carbon Transaction under Article 6 of the Paris Agreement through its three-day intensive training
The global interest and focus during COP26 & COP27 on Article 6 have demonstrated the importance of facilitating climate action and producing inroads for unprecedented international cooperation through market-based mechanisms. Anticipating the importance of carbon markets to climate action, GGGI has piloted and built programs that facilitate the Paris Agreement such as Designing Article 6 […]
News • February 24, 2023
Senegal validated its National Strategy for implementing Article 6 of the Paris Agreement in Senegal.
Senegal validated on February 21, 2023, at Fleur de Lys Hotel, Dakar, the National Strategy for operationalizing the implementation of Article 6 of the Paris Agreement in Senegal. The validation workshop gathered nearly 40 participants from sectoral ministries, the private sector, professional associations, and NGOs. Under the leadership and guidance of the Ministry of Environment, […]
News • January 18, 2023
GGGI Releases Report on Article 6 Carbon Markets
Seoul, Republic of Korea – 17 January 2023 – Article 6 of the Paris Agreement establishes a mechanism for government and private sector to achieve the scale of transformation required for keeping within 1.5 °C climate change goal. Article 6 carbon markets offer the opportunity for countries to engage in cooperative approaches to greenhouse gas […]
News • January 16, 2023
Capacity building workshop on carbon markets under Article 6 of the Paris Agreement
In 2016, Rwanda ratified the Paris Agreement (PA) to combat climate change by limiting the global temperature rise to below 1.5º, as articulated in the 2015 Paris Agreement (PA). Submitted to the UNFCCC (United Nations Framework Convention on Climate Change), the National Greenhouse Gas Inventory reported that the per capita Green House Gases (GHG) emissions […]
News • November 21, 2022
GGGI and German Federal Ministry for Economic Affairs and Climate Action Launch the Community of Practice for Article 6 Implementing Countries
On 9 November 2022, the Global Green Growth Institute (GGGI) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) launched the Community of Practice for Article 6 Implementing Countries (CoP-ASIC). The CoP-ASIC is one component of “Supporting Preparedness for Article 6 Cooperation” or SPAR6C, a program of the International Climate Initiative (IKI). […]
News • November 3, 2022
ONEP launches projects to reduce greenhouse gas emissions and global warming
Bangkok, Thailand – On 12th October 2022 the Office of Natural Resources and Environmental Policy and Planning (ONEP), the National Designated Authority of the Green Climate Fund (GCF), launched the GCF Readiness and Preparatory Support Programme to help Thailand curb greenhouse gas emissions and global warming. The initiative is a collaborative effort between the Thailand […]
News • September 21, 2022
Blueprint for Cambodia’s strategic Article 6 engagement achieved
Siem Reap, 15-16 September 2022, the Global Green Growth Institute (GGGI) and Department of Climate Change of Ministry of Environment Cambodia led an inter-ministerial workshop attended by the National Sub-Working Group for Greenhouse Gas Inventory. The workshop presented strategic decision options that could be applied in Cambodia to set the parameters for authorizing mitigation activities […]
News • July 26, 2022
Round Up: Third meeting of the Project Steering Committee DAPA ” Design of Policy Approaches under Article 6 of the Paris Agreement”
Round Up: Third meeting of the Project Steering Committee DAPA ” Design of Policy Approaches under Article 6 of the Paris Agreement” Rabat, Morocco May 18, 2022 – The Global Green Growth Institute (GGGI) in close collaboration with the Ministry of Energy Transition and Sustainable Development, organized the third steering committee virtual meeting of […]
News • July 1, 2022
GGGI Completes Consultation Phase for the Design of the Article 6 Carbon Transaction Platform
Seoul, Republic of Korea – On 9 June 2022, the Global Green Growth Institute (GGGI) completed the 3-month consultation phase for its latest initiative to promote the opening of international carbon markets, the Carbon Transaction Platform (CTP). The “Global Event on Article 6 and the Carbon Transaction Platform” was a hybrid online/in-person event hosted at […]
News • June 9, 2022
GGGI facilitates Memorandum of Understanding between Nepal and Sweden for bilateral cooperation under Article 6 of the Paris Agreement
Stockholm, Sweden; 1 June 2022 – On the sidelines of the Stockholm+50 meeting, the Swedish Energy Agency (SEA) and the Government of Nepal, represented by the Secretary of the Ministry of Forests and Environment (MOFE), today signed a Memorandum of Understanding (MOU) to cooperate on the implementation of Article 6 of the Paris Agreement. The […]
News • May 27, 2022
GGGI AT COP15 ON DESERTIFICATION
UNCCD CoP 15 was held in Abidjan, Cote d’Ivoire from May 9 to 20, 2022. This was GGGI’s first participation at the desertification CoP, marked by a video message from P&C of GGGI Mr. Ban Ki Moon, and a statement from DDG Mrs. Helena Mcleod at the Heads of State summit, in which GGGI pledged […]
News • May 3, 2022
Greening the New Bugesera Airport Validation Meeting
29 March 2022, Kigali, Rwanda: The Global Green Growth Institute (GGGI) in collaboration with Aviation, Travel and Logistics (ATL) Holding Ltd, an entity affiliated to the Rwanda Ministry of Infrastructure (MININFRA) hosted a virtual validation meeting on the Greening of the new international airport in Bugesera. Participants that joined the virtual meeting were representatives from […]
News • May 3, 2022
Rwanda Plastic Waste Web Portal Launch
30th March, Kigali Rwanda the Global Green Growth Institute in collaboration with Rwanda Environment Management Authority (REMA), and Foreign, Commonwealth & Development Office (FCDO) and Save The Environment Initiative (SEI) officially launched the Plastic Waste Web portal , the hybrid event took place at the newly renovated Norrsken House. The event was attended by different […]
News • April 26, 2022
The basics of Article 6 shared with the national ecosystem
Article 6.4 of the Paris Climate Agreement to allow private companies to access this new market is being configured, a Senegalese official announced. The carbon market is a mechanism for trading greenhouse gas emission rights. It is one of the incentives provided for by the Kyoto Protocol to encourage states to reduce their emissions and […]
News • April 6, 2022
GGGI held the ordinary session of the senegal cooperation steering committee
The Ministry of Environment and Sustainable Development convened the ordinary session of the steering committee of the GGGI country cooperation programme in Senegal in the presence of the statutory party members. As usual at the beginning of each year, the steering committee meets to examine the evolution of the implementation of the programme in 2021, […]
News • March 31, 2022
Cambodia steps up Article 6 preparation
On March 25, 2022, the Global Green Growth Institute (GGGI), together with the Ministry of Environment held an inter-ministerial workshop introducing key decisions to be taken as part of Cambodia’s preparations for carbon trading under Article 6 of the Paris Agreement. Cambodia recognizes climate change as a major challenge in its development journey and is […]
News • March 25, 2022
Uganda Green Growth Development Strategy (UGGDS)
The Uganda Vision 2040 aspires to pursue economic development and socioeconomic transformation premised on the principles of a green economy such as equity, environment sustainability, resource efficiency, climate change adaptation and mitigation and inclusiveness. Accordingly, the National Planning Authority in partnership with the Climate Change Department of the Ministry of Water and Environment with financial […]
Programs
DESIGNING ARTICLE 6 POLICY APPROACHES (DAPA)
Countries: Indonesia, Morocco, Senegal, Viet Nam
Implementation period: July 2019 – June 2024
Resource Partner: Norwegian Ministry of Climate and Environment (NMCE)
MOBILIZING ARTICLE 6 TRADING STRUCTURES (MATS)
Countries: Cambodia, Nepal + two additional countries
Implementation period: January 2020 – December 2023
Resource Partner: Swedish Energy Agency (SEA)
Program one-pager: link
Press release (December 2019): link
SUPPORTING PREPAREDNESS FOR ARTICLE 6 COOPERATION (SPAR6C)
Countries: Colombia, Pakistan, Thailand, Zambia
Implementation period: June 2022 – August 2027
Resource Partner: Federal Ministry for Economic Affairs and Climate Action (BMWK)/International Climate Initiative (IKI)
Consortium partners: UNEP Copenhagen Climate Center, GFA Consulting Group GmbH, Kommunalkredit Public Consulting, and Carbon Limits AS
Press release (June 2022): link
Press release (Carbon Mechanisms, June 2022): link