ACMI’s Roadmap to Scaling Voluntary Carbon Markets in Africa
Led by a fourteen-member steering committee of African leaders, CEOs, and carbon credit experts, ACMI aims to dramatically expand Africa’s participation in voluntary carbon markets. Read more about the launch of ACMI at COP27.
ACMI’s ambition is to:
- Grow African credit retirements ~19-fold from 2020 to ~300 MtCO2e per annum by 2030 and up to 1.5-2.5 GtCO2e by 2050;
- Create or support 30 million jobs by 2030 and more than 100 million jobs by 2050 through the carbon project development, execution, certification, and monitoring;
- Raise the quality and integrity of African credits to mobilize up to US$6 billion by 2030 and more than US$100 billion per annum by 2050;
- Ensure equitable and transparent distribution of carbon credit revenue, with a significant portion of revenue going to local communities.
The Global Energy Alliance for People and Planet, Sustainable Energy for All, and the UN Economic Commission for Africa are collaborating to launch ACMI. The UN Climate Change High Level Champions is a supporting partner of ACMI.
Yemi Osinbajo and Iván Duque Márquez explain how we can unlock the potential of African Carbon Markets in Project Syndicate.
Africa Carbon Market Initiative (ACMI)
Led by a fourteen-member steering committee of African leaders, CEOs, and carbon credit experts, ACMI aims to dramatically expand Africa’s participation in voluntary carbon markets.
ACMI’s Steering committee:
- Yemi Osinbajo, Vice President, Government of Nigeria
- Akin Adesina, President, African Development Bank (AfDB)
- Iván Duque Márquez, Former President, Government of Colombia
- Annette Nazareth, Chair, Integrity Council for Voluntary Carbon Markets
- Samuel Thevasagayam, Deputy Director, Gates Foundation
- Gillian Caldwell, Chief Climate Officer, USAID
- Bogolo Kenewendo, Africa Director, Special Advisor, UN Climate Change High-Level Champions
- David Antonioli, CEO, Verra
Suppliers, Financiers, Intermediaries, and Buyers
- Sitoyo Lopokoiyit, CEO, M-PESA Africa
- Ariel Perez, Managing Partner, Hartree
- Riham ElGizy, Director, MENA Voluntary Carbon Exchange
- M. Sanjayan, CEO, Conservation International