Exploring the Potential and Challenges of Voluntary Carbon Markets in the Global South

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The study identifies current energy markets and associated (actors) stakeholders in Africa. It will then recommend institutional structures that could reconcile the VCM with Articles 4 (binding commitment between countries to pursue emission reduction activities) and 6 (countries can pursue voluntary cooperation in the implementation of their Nationally Determined Contributions) of the Paris Agreement. Thirdly, it will identify potential impacts – on socioeconomic factors, vulnerable communities, and groups, that should be monitored and evaluated. We will be studying the above for a selected set of countries.


This will be a 30-month project panned across the EfD network, and some external experts.

Project status
Sustainable Development Goals
Financed by
IDRC, Canada
Project | 13 December 2023