Ghana's framework on international carbon markets and non-market approaches
Ghana's carbon market strategy aims at raising carbon finance to support its NDC and drive foreign direct green investments to benefit local businesses. The existing international carbon market offers the opportunity for Ghana to partner with other nations, international organizations, and private entities to achieve its 24 million tones of conditional absolute greenhouse gas emissions reduction goal and beyond.
The framework document is divided into three volumes.
Each volume focuses on a specific mechanism under Article 6 of the Paris Agreement:
Volume 1 is the operational framework for Article 6.2 cooperative approach. It provides policy, regulatory and operational information on Ghana's engagement in the cooperative approach and the voluntary carbon market.
Volume 2 is the guide line for domesticating the Rules, Modalities, and Procedures (RMP) of the Article 6.4 mechanism.
Volume 3 will contain additional guidance on how Ghana will implement Article 6.8 non-market approaches provisions when the ongoing international work is concluded.
