#140 Carbon West African Markets and West African Alliance Alliance ALLIANCE PRESENTATION AND ACTIVITIES mance#2Presentation of The West African Alliance In the fast-developing West African sub-region, financing sustainable development is a major challenge. West African governments are looking for means to finance low emission development policies and projects, which are competing with the 'quick fix' of large fossil fuel infrastructure projects popping up across the sub-region. West Africa intends to utilize Article 6 after limited participation in carbon markets of the past and to make sure that the rules governing any new mechanisms are realistic and applicable. In September 2017, delegates to the UNFCCC formed the West African Alliance on Carbon Markets and Climate Finance to jointly tackle issues relating to accessing carbon markets and climate finance for NDC implementation. TH West, Alliance on Carbon Markets and Climate Financ#3West. can Alliance Presentation of The West African Alliance 1. Foster active participation by West African delegates in the UNFCCC negotiations 2. Promote access to market mechanisms and climate finance opportunities 3. Pilot the transition of CDM related capacities and activities to the Paris Agreement context 4. Boost Article 6 readiness in the sub region on Carbon Markets and Climate Financ "We have to make carbon markets accessible for West African countries to make sure least developed countries do not miss the train under the Paris Agreement as they did with the CDM" Member countries: Benin, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Mali, Mauritania, Niger, Nigeria, Liberia, Burkina Faso, Sierra Leone, Senegal and Togo.#4Organisation Steering Committee Strategic guidance Coordinator, Secretariat, Donors, working group chairs the Member meeting Implementation coordination Alliance Coordinator Technical Financial Partner RCC Lomé/BOAD Alliance Secretariat ENDA Energie, supported by Climate Focus Alliance National Focal Points Working Groups Carbon Markets pirican West Absence and Carbon Pricing Climate Finance Transparency Technology Transfer and Technical Partners: Climate Focus, EEA, DIA, AERA, Perspectives#5Alliance ACTIVITIES: Highlight I Article 6 Donor Roundtable For these new generation of market mechanisms to succeed it is crucial that member countries of the West and Eastern Alliances, with potential to sell ITMOS, engage with countries seeking to purchase ITMOS under Article 6. The Alliances organized a virtual donor roundtable that allowed donors and member countries to exchange on their expectations. In this roundtable participated: · 18 African country representatives • The Swiss Klik foundation • The World Bank • Japan • Sweden • BMU West. can Alliance on Carbon Markets and Climate Financ#6West. can Alliance Alliance ACTIVITIES: Highlight II Country Readiness support With the guidance and support of the Alliance, West African countries will initially need to: Devise national strategies for engaging with Article 6 Develop a robust and formal channel of communication with the domestic private sector to keep momentum and engagement, clarify the position. of the government in relation to carbon markets under the Paris Agreement, Link carbon markets to country's NDC and maintain overall credibility of the country as a supplier of quality internationally tradeable mitigation outcomes (ITMOs) on Carbon Markets and Climate Financ West African Allorce on Carbon Markets end Climonance Membling & Workshop Markeanisms and Amplem WEST AFRICAN ALLIANCE ON CARBON MARKETS AND CLIMATE FINANCE#7Highlight III Coordination Cooperation West. can Alliance From a political and economic perspective, West Africa is closely intertwined. Through the Economic Community of West African States (ECOWAS), West Africa is working towards a vision of a: borderless region, harmonized policies, a single currency, and an integrated answer to climate change. on Carbon Markets and Climate Financ The Alliance secretariat is hosted by key West African institutions, namely the West African Development Bank (BOAD), the UNFCCC Regional Collaboration Centre (RCC) in Lomé and ENDA Energie based in Dakar. The Alliance has built a strong network of member country representatives, technical partners and development organisations serving the region. This allows for the creation of synergies with other projects and partners. Partners of the Alliance include: • The World Bank GIZ AfDB • BMU NDC Partnership ECREEE ECOWAS#8West African Alliance EL Climate Fi NOV. 2017 Start of the Alliance Phase I: Supported by contribution from BMU JUL. 2020 Completion Alliance Phase I project. From Phase I to Phase II AUG. 2020 Start Alliance Phase II Funded by the International Climate Initiative (IKI) AUG. 2020 - JAN. 2024#9West African Alliance on Carbon Mark Climate Fin Phase II Objectives Continuity Coordination and cooperation Workshops; participation in intl. fora; carbon neutral operations; serving as a regional knowledge hub New areas Access to finance Facilitation and match-making. between projects and climate finance providers Guidebooks, policy briefs. Greater emphasis Country support Article 6 tailored readiness support for member countries Ad-hoc support#10on Carbon West Alliance Markets and Climate Finance Readiness activity for Article 6: Institutional arrangement, MRV and peer learning • • • • Since 2018 the WAA has always been very active in building capacities and preparing them to get ready for future A6 Instruments. Any capacity building program for the region should depart from the existing experience and efforts already deployed. COMPLEMENTARITY AND SYNERGIE Should guide future interventions with RCC. Activities implemented by the WAA for the WA countries willing to participate to Article 6 are: . Technical Workshops on : Corresponding Adjustment, CDM Transitioning, Baseline and additionality, Carbon Pricing, Sellers and buyers roundtables, Readiness Need assessment for alliance member countries, Elaboration of a blueprint for A6 Readiness (LEVELS: Institutional, Policy, Infrastructure, etc.) Support Platform (under consideration) Creation of MRV COP in each member country (Canada) Training sessions and peer to peer learning with Pacific Alliance, Main Challenges faced and lessons learnt are: Lack of resources to fully cover all countries, Countries are in different level of readiness, lack of awareness (private sector), weak institutional arrangement, Lack of communication platform for information sharing in host countries, lack of policy, regulatory framework and A6 Strategy in almost all countries, Lack of local expertise in project development, Validation and Verification.#11on Carbon West Alliance Markets and Climate Finance Readiness activity for Article 6: Institutional arrangement, MRV and peer learning • Support expected for participation to Article 6.4 mechanism in the Alliance member Countries: • Technical Assistance for CDM Transitioning, • ● · . Development of new methodologies, Baseline setting Fast processing of existing CDM PoAs, Continuation of SB, special consideration for LDC countries, Legal and regulatory framework in host country, Authorization process, • National registries, • Training sessions on a learning by doing approach on CA, baseline and additionality, A6 Regulatory requirement (Authorization), Country A6 Strategy, Capacity building for private sector, local communities, Non State Actors in general, • Carbon Price setting, · Linking carbon Markets and Climate Finance. MRV for Article 6,#12Thank you African West Aff on Carbon Alliance Finance 1000 Markets d Climate and