Togo Carbon Transaction Facility: Readiness and Implementation Support

Togo Carbon Transaction Facility: Readiness and Implementation Support

Location

    Period

    Aug 2025 - Jan 2027

    Funding (USD)

    usd

    478,483

    Project Code

    CTFR008-E1

    Theme

    Carbon Pricing

    Climate Action|Climate Finance|Cross Cutting|Energy Efficiency

    Status

    Active

    Implementing Partners
    Resource Partners

    Ministry of Environment, Forest Resources, Coastal Protection, and Climate Change

    Carbon Transaction Facility

    Carbon Transaction Facility

    Project summary

    Togo recognizes the vital role of carbon market–based cooperation in reducing greenhouse gas (GHG) emissions and supporting sustainable development. This project will assist the Government of Togo, under the Ministry of Environment, Forest Resources, Coastal Protection and Climate Change, by strengthening the framework of the Article 6 of the Paris Agreement, developing an Operations Manual, and enhancing the National Homologation Committee, building on tools such as the tentative positive list and existing decrees. It will also provide targeted training and decision support for senior officials, reinforcing institutional capacity, improving stakeholder readiness, and enabling Togo to participate effectively and equitably in international carbon markets.

    Project objective

    This initiative strengthens Togo’s readiness to participate credibly and effectively in Article 6 cooperative approaches. It focuses on two mutually reinforcing priorities: enhancing stakeholder awareness and building the capacity of government decision makers through targeted training on Article 6 principles. The focus will also be on operationalizing a national governance structure through a refined Article 6 framework, a practical Operations Manual, and clear institutional arrangements. Together, these interventions equip Togo with the technical, institutional, and strategic capabilities needed to engage confidently in international carbon markets and maximize climate and development benefits.

    Context and background

    Togo has laid the groundwork for participating in international carbon markets through its Carbon Market Framework, which defines the governance and institutional arrangements required. The revised NDC (2021–2025) highlights carbon market–based cooperation as a key mechanism for reducing GHG emissions and supporting sustainable development. Carbon markets offer Togo significant opportunities to mobilize climate finance from mitigation activities such as renewable energy, clean cooking, and electric mobility, while also attracting private and international investment and facilitating access to low‑carbon technologies.

    However, consultations with government and stakeholders reveal persistent challenges: limited institutional capacity to operationalize the legal framework; insufficient skills among policymakers responsible for Article 6; low technical expertise in mitigation activity design and carbon market mechanisms; and inadequate awareness of Article 6 opportunities among public and private actors.

    Previous support from the World Bank, the West African Alliance, and the UNFCCC RCC has created initial awareness but has not built sustainable institutional capability. The Rapid Readiness Needs Assessment (RRNA) and Project Identification Note (PIN) developed by GGGI aim to close these gaps and strengthen Togo’s readiness for Article 6 engagement.