Support for the Operationalization of the Regulatory and Policy/ Institutional Framework for Article 6 Implementation
Delivered for Partnership for Market Implementation (PMI) The World Bank Group.
The assignment
The objective of this assignment was to develop the rules and procedures for the participation of Senegal in the international carbon market, based on the provisions of Article 6 of the Paris Agreement. An operational manual/rulebook was developed in line with the national decree on carbon market in order to: - Strengthen the institutional and regulatory arrangements in place; - Optimize carbon procedures at the national level with regard to the various existing mechanisms (art 6.2, art 6.4, voluntary market, non-market-based approaches, etc.); - Facilitate the development of carbon projects by key stakeholders.
The team behind it
- Project lead Kaja Weldner
- Expert Axel Michaelowa
- Expert Annika Wallengren
- Expert Juliana Keßler
- Expert Lena Gründel
Client Partnership for Market Implementation (PMI) The World Bank Group
Timeline Oct 2023 to Apr 2024
Location Senegal
Field Carbon Markets
Entity Perspectives Climate Group
Discuss a similar project Related work
West African Development Bank (BOAD) Carbon Markets · 2020
West African Alliance on Carbon Markets and Climate Finance 2020-2028
German Federal Environment Ministry / German Federal Ministry for Economic Affairs and Climate Action Carbon Markets · 2018
Linking market mechanisms and climate finance in Africa
National Determined Contribution Partnership (NDCP) Carbon Markets · 2023
Article 6 Implementation Knowledge Exchange & Capacity Building
A similar challenge on your desk?