Region: Sub-Saharan Africa (SSA)
Country: Ghana
Topic: Emission Reduction Program
Keywords: PPPs by Topic *, Emission Reduction Program **, Ghana
Document Link(s):
Document Summary:
Supported by the United Nations Development Programme (UNDP), Ghana is the first country globally to launch a project and issue an authorization statement for the transfer of mitigation outcomes as part of cooperative approaches under Article 6 of the Paris Agreement.
Document Details:
The Government of Ghana has officially authorized the transfer of mitigation outcomes under its new climate-smart rice project to Switzerland. This was announced at a side event at the ongoing Climate Change Conference (COP 27) when the Government officially presented a formal authorization letter to the United Nations Development Programme (UNDP), which has facilitated the bilateral agreement between Ghana and Switzerland.
The bilateral agreement falls under Article 6.2 of the Paris Agreement, and this allows public and private institutions to collaborate to invest in climate change mitigation interventions in Ghana and exchange carbon credits with Switzerland for payment while maintaining the development benefits in the country.
Updated:
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Page Specific DisclaimerThis section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.
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