The Climate Finance Innovators project successfully conducted a one-day workshop on the 2nd October 2019 in Addis Ababa, Ethiopia under the topic ‘Managing the transition from Kyoto to Paris – the potential of carbon markets and climate finance for East Africa’. The objective of the workshop was to facilitate mutual learning about successful elements of climate finance mobilization and to identify common challenges. Stakeholders from several East African countries shared progress updates and experiences relating to the development of funding proposals, financing mechanisms, MRV systems and NDC accounting.
Furthermore, the workshop participants were invited to attend a subsequent two-day ‘Carbon Markets Dialogue’. The regional dialogue was co-organized by the Climate Finance Innovators together with the GIZ Global Carbon Markets Programme, both supported by the German Federal Ministry of Environment, Nature Conservation and Nuclear Safety (BMU), and in collaboration with GIZ Energising Development Ethiopia with support from Irish Aid, as well as the UNFCCC Regional Collaboration Centre.
Participants gained an improved understanding of the new generation of carbon markets and climate finance instruments of the Paris Agreement. Moreover, the workshop served to jointly reflect on the successes and failures generated by the Kyoto mechanisms in order to provide input to the ongoing rule-setting for the Paris Agreement’s instruments, as well as the preparations by East African countries for accessing these funding sources.