The Mitigation Outcome Purchase Agreement (MOPAs), should help relevant public institutions engaging in bilateral negotiations to improve the understanding of legal, institutional and technical concepts related to Article 6 in the context of cooperative approaches.
This was the main objective of the training workshop held on july 06 in collaboration with the Direction of Environment and Classified Environment in the framework of the DAPA (programme for the design of policy approaches) under Article 6 of the Paris climate agreement.
This commitment at the international level was the subject of the capacity building programme for this programme of training modules for the benefit of a cohort of experts in order to better understand the history of climate change, the regulatory framework and legal instruments that led to the establishment of the carbon market for a carbon credit trading system.
Ultimately, the participants, mostly from public institutions, will benefit from practical knowledge on the main contractual clauses of a MOPA based on examples as well as the main risks that host countries could incur by referring to concrete examples. We will share with you a simulation exercise of a MOPA negotiation: Procurement of Mitigation Results Agreement.
The training were opened under the chairmanship of GGGI senegal country Representative Ms. Assana Magagi Alio, with the presence of the national Director of Environment Baba DRAME anad national comittee of climate change representatives.
” National NDC targets can be achieved by considering the opportunities offered through carbon finance when 83% of countries committed to their NDCs have stated their intention to use international market mechanisms to reduce greenhouse gas emissions.” stated the GGGI Senegal country Senegal during opening remarks.
The State of Senegal has embarked on the process of establishing a low-carbon and climate-resilient development policy, the contours of which are based in part on access to the carbon market.In this regard i would like to reiterate my sincere thanks to GGGI for its permanent support and commitment to the contribution to the NDC achievement target and climate change responses through our manadate strategic objectives to the adoption of policies to increase investment and access to climate finance.