Case Study

Carbon market framework allows Côte d'Ivoire to participate in Article 6 cooperative approaches

Neyen is assisting Côte d’Ivoire in the implementation of a national carbon market framework aligned with the tenets of Article 6 of the Paris Agreement. This involves the formulation of both a comprehensive carbon market policy and a robust institutional framework.

The Story

Strategic support in fostering carbon market development

Through a comprehensive analysis of national policies and regulations, development of institutional arrangements, and operational procedures, Neyen is assisting Côte d’Ivoire in its ambition to develop a carbon market framework and participate in cooperative approaches under the principles of Article 6 of the Paris Agreement.

Combining technical assistance with capacity building

Côte d’Ivoire required both technical assistance and capacity building to develop a unique, global and inclusive carbon market framework. Unique, as it will need to be tailored to the unique circumstances of the country, global, as it will need to cover all carbon market and non-market mechanisms, and inclusive as it will need to implicate all relevant stakeholders along the process.

Empowering sustainable progress

Neyen conducted an in-depth analysis of existing carbon related initiatives such as VCM projects and REDD+. Then our consultants analyzed the gaps and needs of the country related to Article 6 implementation and a global carbon market framework. Furthermore, our consultants developed in-country workshops supporting capacity building efforts and co-creation workshops for the development of the carbon market framework.

What did the co-creation workshops achieve?

With the support of the government, the first co-creation workshop led to the development of a first final version of the carbon market framework.

Drivers of change

Involvement of the private sector

Côte d’Ivoire will establish a comprehensive global carbon market framework, offering guidelines to stimulate private sector involvement in the country’s top priority areas. Moreover, the country will gain access to Article 6 collaborative methods, facilitating the acquisition of otherwise inaccessible technologies that bolster sustainable development and bring about transformative change within specific sectors.

Lessons Learned

Through this project Neyen learned to carry out a project under a fully integrated approach, integrating all relevant stakeholders throughout the whole development process.

Dicover more

Learn more about the project in this post on LinkedIn