A Guide to Navigating Carbon Markets: Exploring the Potential for Eastern Africa
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
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Abstract: This guide offers a comprehensive primer on carbon markets, with a specific focus on their potential within Eastern Africa. It unpacks the structure, evolution, and mechanisms underpinning compliance and voluntary carbon markets, including Article 6.2 and 6.4 under the Paris Agreement. It explains how carbon credits are generated, validated, and used, while emphasizing integrity standards and the role of corresponding adjustments. The second half highlights opportunities and barriers for Eastern African countries?including Kenya?in leveraging carbon finance to fund climate action. It assesses readiness levels, sectoral crediting potential (e.g., forestry, energy), demand forecasts, and the current landscape of capacity building, naming key stakeholders and initiatives in the region.