Africa is poised to play a significant role in the global fight against climate change, with its carbon markets offering a promising solution. As leaders gather for the Africa Climate Summit 2, the continent’s achievements and leadership in this area are gaining recognition.
Africa is home to 12 of the 20 fastest‑growing economies, 17 % of the world’s forests, and 60 % of uncultivated arable land, making it an ideal location for carbon‑reduction initiatives. In recent years, African countries have demonstrated remarkable climate innovation. Nigeria issued the continent’s first sovereign carbon credit, while Kenya introduced a progressive framework for carbon rights and revenue sharing. Gabon has safeguarded over 88 % of its forest cover, and Ghana and Mozambique have piloted jurisdictional REDD+ projects.
The Africa Carbon Markets Initiative aims to issue 300 million high‑integrity credits annually by 2030, unlocking an estimated US$6 billion in revenue and creating 30 million jobs. Funders are taking notice of Africa’s momentum, supporting projects such as Verst Carbon’s national carbon registry in Kenya, reforestation efforts in West Africa, and clean‑cooking programmes in Southern Africa that have reduced emissions and improved health outcomes.
African carbon credits are cost‑effective, typically costing US$10‑20 per ton compared with US$100+ per ton in advanced economies. They also deliver additional benefits, including mangrove conservation, agroforestry, and micro‑grid development. The main challenge now is scaling demand for these credits. Leaders at the Africa Climate Summit 2 must push for structural pathways—such as an Africa Window in CORSIA and IMO, EU Article 6 offtakes, and revitalisation of the voluntary market—to secure strong, reliable buyers for Africa’s climate innovation.
By investing in African carbon markets, global buyers can access high‑integrity credits while supporting sustainable development and climate resilience on the continent. The Africa Climate and Energy Nexus is working to build continental collaboration, bringing together governments, innovators, and funders to strengthen carbon markets across Africa. As the world strives to meet its climate goals, recognising the value of Africa’s carbon markets and investing in the continent’s climate‑positive growth will unlock significant emissions reductions, support sustainable development, and promote a just transition to a low‑carbon economy.
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