Carbon markets are growing, and Africa with a huge potential, according to United Nations body. And Japan is ready to get there first.

Right this moment is Thursday, 25 July 2024.

United Nations our bodies are clearly specializing in African tasks that generate carbon credit.

See for instance this Advocacy Temporary on Carbon Markets specializing in alternatives for Africa revealed final June 2024 by United Nations Improvement Programme (UNDP).

Two days ago we posted about the growing demand for carbon offsets in Japan. And Japan already has a bilateral Joint Crediting Mechanism (JCM) and near 30 accomplice international locations with formal agreements signed since 2013.

Japan’s JCM consists in a system to cooperate with growing international locations for decreasing greenhouse gasoline emissions, beneath which the quantity of emission discount is assessed as contribution by each accomplice international locations and Japan. Click on on the picture under to learn extra on the web site of the Ministry of Overseas Affairs of Japan (MOFA).

As you will notice, from Africa there are solely 4 agreements beneath Japan’s JCM, being Ethiopia, Kenya, Senegal and Tunisia.

Final Could 2024 the report “Recent Developments of the Joint Crediting Mechanism (JCM)” was revealed, together with a transparent reference (web page 21) to a different UN programe, UN Industrial Improvement Group (UNIDO).

“JCM support programme by UNIDO … Purpose: Targeting JCM partner countries, mainly in the African region …”

Japan, a 125 million inhabitants rich developed country, has very particular geographical and historical characteristics, like briefly mentioned in this post from September 2023. It’s a nation barely smaller than the state of California, in United States.