VCMI partners with Eastern Africa Alliance to strengthen regional carbon markets
The Voluntary Carbon Markets Integrity Initiative (VCMI) and the Eastern Africa Alliance on Carbon Markets and Climate Finance (EAA) have partnered to bolster carbon markets across East Africa. Announced on Tuesday, the agreement will support East African governments in developing policies, expertise, and infrastructure for enhanced participation in carbon markets. This includes assistance with national carbon market strategies and the establishment of market authorities. The partnership will also provide technical support to EAA member countries via VCMI’s Access Strategies programme, with a VCMI policy expert based in Kampala, Uganda, offering on-the-ground assistance. This initiative builds on previous cooperation, addressing issues such as the shortage of Africa-based validation and verification bodies, which has caused delays for up to half of projects.
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