Ghana, Singapore Ink Pioneering Carbon Market Deal; Africa Summit Ahead
In a significant step towards climate cooperation, Ghana and Singapore have inked a pioneering agreement to collaborate on carbon markets. This is a first for both an African and an Asian nation, following high-level talks in Singapore last year. Meanwhile, preparations are underway for the Carbon Markets Africa Summit in Johannesburg, set for 22-23 October.
The summit, hosted by UNDP and organised by VUKA Group, will bring together key players in Africa's carbon markets. It aims to unlock billions in finance for climate action and sustainable development. UNDP's Africa Sustainable Finance Hub is working closely with African governments to harness the power of carbon markets.
The event will feature a keynote address by Maxwell Gomera, UNDP's Resident Representative in South Africa, and speeches from Sandra Lindström of the Swedish Energy Agency. Bernardin Uzayisaba from UNDP will facilitate a 'CARBON 101' masterclass, while Tomas Sales will co-lead a workshop on African companies entering the carbon market. A discussion on Africa's carbon market frameworks will also be moderated by UNDP.
Strategic institutional partners for the summit include AUDA NEPAD and UNEP. The agreement between Ghana and Singapore demonstrates the growing interest in carbon markets as a tool for sustainable development. The upcoming summit in Johannesburg is expected to catalyse further action and investment in Africa's carbon markets.
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