Africa Carbon Market Initiative (ACMI)

- Led by a fourteen-member steering committee of African leaders, CEOs, and carbon credit experts, ACMI aims to dramatically expand Africa’s participation in voluntary carbon markets.

ACMI’s ambition is to:
- Grow African credit retirements ~19-fold from 2020 to ~300 MtCO2e per annum by 2030 and up to 1.5-2.5 GtCO2e by 2050;
Create or support 30 million jobs by 2030 and more than 100 million jobs by 2050 through the carbon project development, execution, certification, and monitoring;
- Raise the quality and integrity of African credits to mobilize up to US$6 billion by 2030 and more than US$100 billion per annum by 2050;
Ensure equitable and transparent distribution of carbon credit revenue, with a significant portion of revenue going to local communities.

The Global Energy Alliance for People and Planet, Sustainable Energy for All, and the UN Economic Commission for Africa are collaborating to launch ACMI. The UN Climate Change High Level Champions is a supporting partner of ACMI.

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