Carbon Markets: A Case For Partnerships With Undp In Africa
United Nations Development Programme (UNDP)
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Abstract: This UNDP policy brief advocates for cross-sector partnerships to unlock carbon finance potential in Africa through voluntary and compliance markets. It highlights projections that carbon markets could grow to USD 1.47 trillion by 2028 and identifies Africa?s vast carbon assets. The document showcases Kenya?s hosting of a major carbon auction and Ghana?s bilateral Article 6.2 deals as leadership examples. UNDP?s proposed intervention model includes legal advisory support, registry capacity-building, MRV systems, and stakeholder training. It discusses enabling policy frameworks, barriers to scale (e.g., poor credit eligibility, infrastructure, value leakage), and climate finance co-benefits like renewable energy, clean cooking, and e-mobility. Key partners include governments, development banks, and ESG-aligned investors. The brief positions Africa as both a climate solution provider and finance destination, contingent on innovation and integrity safeguards. UNDP commits to reinforcing Africa?s negotiating position in COP processes and