Event report
Webinar with MMW Advocates LLP
Climate Finance Regulatory Framework.
We had the privilege of hosting an insightful webinar in collaboration with MMW ADVOCATES LLP. The discussion led by Grace Waswa focused on the evolving landscape of climate finance and the critical role of carbon markets in reducing greenhouse gas emissions.
Key Takeaways:
Carbon markets are mechanisms that enable the buying and selling of carbon credits permits that allow the emission of one tonne of CO₂ or equivalent GHGs.
Compliance markets, like the EU Emissions Trading System, operate under strict legal caps on emissions.
Voluntary markets function outside legal mandates, guided by standards bodies, offering flexibility for climate-conscious companies.
South Africa leads with a Carbon Tax Act, incorporating regulated offsets to reduce tax liabilities.
Kenya has taken a bold step by establishing the first regulated voluntary carbon market in East Africa, with clear governance structures and alignment with Article 6 of the Paris Agreement.
Nigeria, through its Climate Change Act (2021), is laying the groundwork for a National Emissions Trading Scheme with future international linkages.
Africa’s carbon market potential is growing, with exciting opportunities in:
Carbon project development (e.g. forestry, renewable energy)
Carbon credit trading and exchanges
Monitoring, reporting & verification (MRV) technology
Community-based offset initiatives
Green finance and investment vehicles
As climate finance takes center stage, understanding and navigating these frameworks is essential for sustainable investment and impactful environmental action.
A big thank you to the team at MMW ADVOCATES LLP and all participants for driving this important conversation forward.
