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

RW31
Countries
RW31-Smart and Electric Public Transport Services for Low-Carbon City Development in Rwand
Start Date Q3 2021
Funding Source
Actual Budget (USD) 150,000
Status Active
Thematic Area
  • Green Cities
  • Sustainable Energy
  • Cross Cutting
  • Gender and Inclusive Development
  • Sustainable Transport
  • Waste
  • Solar Energy
  • Climate Resilient and Green Growth
  • Startups
  • Carbon Pricing
  • Green Jobs
  • Green recovery
  • GHGI
View
RW27
Countries
RW27-Supporting the Transition to E-mobility in Rwanda
Start Date Q1 2021
Funding Source
Actual Budget (USD) 47,574
Status Active
Thematic Area
  • Green Cities
  • Sustainable Energy
  • Cross Cutting
  • Gender and Inclusive Development
  • Sustainable Transport
  • Climate Resilient and Green Growth
  • Green Finance
  • Startups
  • Carbon Pricing
  • Green Jobs
  • GHGI
  • Monitoring
  • Renewable Energy
View
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
View

News

News • November 12, 2021

GGGI at COP26 Events on Article 6 and Carbon Markets

Glasgow, United Kingdom; November 12, 2021 – GGGI Deputy Director & Head of Carbon Pricing Global Practice, Ms. Fenella Aouane, represented GGGI at side events of COP26 in Glasgow to share her insight into various topics surrounding Article 6 of the Paris Agreement and carbon markets. On November 5 at the Indonesia Pavilion, Ms. Aouane […]

News • November 9, 2021

High level Meeting on the Cleaner Production and Climate Innovation Center (CPCIC)

Kigali, Rwanda ,the High Level Business Meeting on increasing industrial profitability and driving the Circular Economy agenda in Rwanda was lead by National Industrial Research & Development Agency (NIRDA) of Rwanda and Rwanda Cleaner Production and Climate Innovation Centre. supported by the Global Green Growth Institute (GGGI) Rwanda and Rwanda Environment Management Authority (REMA)  through […]

News • November 2, 2021

GGGI and Youth Connekt Africa Hub & Fund sign MOU to establish Rwanda Greenpreneurs Network

27th August 2021 , Kigali , Rwanda like many countries faces effects of climate change which has led to natural disasters and economic disruption. However, Rwanda has recognized the importance of innovation as a solution to the negative impact of climate change by committing to policy actions and implementation towards a green and climate resilient […]

News • October 16, 2021

DAPA Project Phase II Launched – Designing Policy Approaches under Article 6 of the Paris Agreement

September 30, 2021 – As a part of the implementation of the Designing Policy Approaches under Article 6 of the Paris Agreement DAPA project, GGGI Senegal held a kick-off meeting to officially mark the beginning of the second stage of the program. The meeting was chaired by the Director of Environment & Classified Establishments on […]

News • September 30, 2021

GGGI at COP26

                                        Related posts   Click the calendar to see in full view:   The UN Climate Change Conference of the Parties (COP26), hosted by the UK in partnership with Italy, kicked off on October 31 and […]

News • September 30, 2021

GGGI Rwanda announces the African Mobility Month Kinamba Junction Design Competition for 2021

Globally, the number of cars is projected to triple between now and 2050. Without disruptive action, transport emissions are expected to grow from 7.7 Gt to around 15 Gt by 2050. Green mobility – in combination with the incorporation of electric vehicles and increased use of public transport – is critical to enabling cities to […]

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, […]

GGGI Staff

Fenella Aouane

Deputy Director, Head of Carbon Pricing Global Practice

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