At a Glance
Publication Date | December 2023 |
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Format | |
Country | Zambia |
Thematic Areas | Carbon Pricing, Carbon Trading, Climate Action |
Zambia has an ambitious goal of reducing its greenhouse gas emissions by 38 MtCO2e in 2030 compared to the 2010 baseline of 120.6 MtCO2e. The gap in finance to meet its most ambitious mitigation targets (as shown in the conditional portion of its Nationally Determined
Contribution or NDC) has been estimated at $35 billion. The international carbon markets created under Article 6 of the Paris Agreement may provide Zambia an opportunity to fill this finance gap. To help unlock this potential, the SPAR6C Readiness and Needs Assessment (RNA) for Article 6 implementation in Zambia has identified key gaps and opportunities for the country to benefit from engaging in cooperative approaches under Article 6.