Africa Climate Week: CPLC/IETA: Carbon Pricing, Markets and Sustainable Development in Africa
Location: Committee Hall 1: Accra International Convention Center
The Carbon Pricing Leadership Coalition (CPLC) and IETA are teaming up at Africa Climate Week. To raise our collective climate ambition, stakeholders from government, private sector, and civil society must come together to urgently and significantly increase climate action. This will require cooperation, through financing, market mechanisms and technology. These will be key in delivering the strongest possible ambitions. As a result, before ACW officially begins, CPLC and IETA are hosting a full-day of panels and discussions on Carbon Pricing, Markets and Sustainable Development in Africa.
See the full Africa Climate Week Event Guide.
9:00 – 9:30
Opening Session: Welcome and introductory remarks from the organizers and host government
9:30 – 11:00
Carbon Pricing and Sustainable Development: A Focus on Africa
This opening panel conversation will explore how carbon pricing policies and measures can contribute to sustainable development in African economies. This session will reflect on the rationale for carbon pricing in the African context and how to design mechanisms in a way that maximizes benefits. It will address the benefits a price on carbon can generate, such as revenues, and how these can be used for broader development purposes. The panel will bring together representatives from countries and companies that are undertaking, or considering, the adoption of carbon pricing measures at the domestic and international level.
11:30 – 13:00
Carbon Pricing and the Private sector – Is there a role for African Businesses?
The private sector can be a key ally in deploying the resources needed to meet sustainable development and NDC goals. This session will examine the role of carbon pricing from the perspective of the private sector and discuss the motivation for the use of internal carbon pricing and shadow pricing among some businesses in Africa. The panel will also reflect on the role that carbon markets can play in supporting private sector climate action in Africa.
13:00 – 14:15: Lunch Break
Carbon Pricing in Action: A look at Ongoing Carbon Pricing Initiatives
This session will explore existing carbon pricing efforts such as the West African Alliance on Carbon Markets and Climate Finance, looking at objectives and drivers behind these initiatives, as well as achievements to date. It will also reflect on the lessons these experiences can offer.
15:30 – 15:45 Coffee Break
15:45 – 17:30
International Cooperation on Carbon Markets Opportunities and Challenges for Africa
Article 6 of the Paris Agreement provides key tools to help countries achieve their NDCs. It sets a framework for regional and global cooperation on mitigation action and has the potential to be a key channel to attract financial means to climate action. This session will explore what opportunities and challenges Article 6 could offer for climate action in Africa, linking together carbon pricing, international markets, market-based mechanisms and nature-based solutions.
Wrap-up and discussion of key messages and next steps