Carbon Financing

What are the core areas of technical assistance that COMESA provides in carbon market development?

  • COMESA provides targeted technical assistance to its Member States to accelerate carbon market readiness and participation. This includes support for developing policy and regulatory frameworks aligned with international standards such as the Paris Agreement and Article 6. Through workshops and peer-to-peer exchanges, COMESA builds institutional capacity and strengthens market infrastructure by helping countries establish digital MRV systems and national carbon registries.In addition, COMESA offers guidance on project eligibility, credit generation, and offset verification to ensure environmental integrity and market credibility. It also facilitates access to carbon markets by connecting countries with buyers and marketplace operators, advising on monetization strategies, and promoting regional coordination. Platforms like the ASCENT for Carbon Markets enable harmonized approaches and collective action, positioning Member States to engage effectively in emerging carbon markets.

What are the core areas of technical assistance that COMESA provides in climate finance development?

  • COMESA provides strategic technical assistance to help Member States strengthen their climate finance systems and mobilize resources for sustainable development. This includes integrating climate priorities into national budgeting processes and establishing mechanisms to track climate-related expenditures. COMESA supports the development of finance strategies aligned with Nationally Determined Contributions (NDCs) and fosters institutional coordination among ministries of finance, environment, and planning. Through targeted capacity-building, COMESA equips government officials and technical experts with the skills to access international climate finance sources such as the Green Climate Fund and the Adaptation Fund. Regional platforms like the ASCENT Program help overcome investment barriers and facilitate resource mobilization for clean energy and climate resilience. COMESA also promotes the use of digital tools to monitor climate finance flows and encourages evidence-based decision-making through improved data collection and reporting.

What specific benefits do the above areas bring to Member States?.)

  • COMESA delivers high-impact technical assistance to its Member States by strengthening climate finance systems and accelerating carbon market development. This includes integrating climate priorities into national budgets and establishing robust systems to track climate-related expenditures enhancing transparency, accountability, and alignment with development goals. Through policy support and institutional coordination, COMESA helps countries align their strategies with global commitments such as Nationally Determined Contributions (NDCs). Targeted capacity-building equips government officials with the skills to access and manage international climate finance and carbon market instruments, unlocking new funding streams for both mitigation and adaptation. Regional platforms like the ASCENT Program Carbon Markets foster harmonized approaches, peer learning, and collective action. COMESA also supports the development of digital MRV systems, national carbon registries, and project pipelines to ensure high-integrity credit generation and market readiness. These efforts empower Member States to make evidence-based decisions, demonstrate measurable impact to donors and stakeholders, and participate competitively in emerging carbon markets—accelerating their transition to low-carbon, climate-resilient development.

What are the expected outcomes or changes for countries benefitting from this COMESA ASCENT intervention support

  • Countries participating in COMESA’s ASCENT program benefit from transformative outcomes in climate finance, carbon market development, and clean energy access. Nationally, governments gain stronger institutional capacity, improved access to international climate finance, and enhanced systems for tracking climate-related expenditures. The support aligns policies with global frameworks like NDCs and Article 6 of the Paris Agreement, enabling effective participation in high-integrity carbon markets. Regionally, ASCENT fosters harmonized climate and energy strategies, peer learning, and shared digital infrastructure such as MRV systems and carbon registries. Sector-specific gains include faster deployment of clean energy, better integration of climate goals into energy planning, and increased private sector engagement in carbon credit generation. Overall, ASCENT strengthens readiness, coordination, and competitiveness positioning countries to lead Africa’s low-carbon energy transition

How does COMESA plan to deliver support in those areas effectively ?

  • COMESA’s ASCENT program delivers impactful support to Member States by strengthening climate finance systems, building carbon market readiness, and expanding clean energy access. Countries benefit from improved institutional capacity, better access to international climate finance, and enhanced tracking of climate-related spending. ASCENT aligns national policies with global frameworks like NDCs and Article 6, enabling participation in high-integrity carbon markets.Regionally, the program promotes harmonized strategies, peer learning, and shared digital infrastructure such as MRV systems and carbon registries. It also accelerates clean energy deployment, integrates climate goals into energy planning, and boosts private sector engagement in carbon credit generation. Together, these efforts position Member States to lead Africa’s low-carbon energy transition

How Countries Can Request Support Under ASCENT?

  • Support under COMESA’s ASCENT program is available to participating Member States and eligible institutions, including rural electrification authorities, national utilities, climate change focal points, energy experts, and ministries of finance.To initiate support, countries nominate focal persons and submit official requests for technical assistance or capacity-building through their respective ministries or designated institutions. All communications should be directed to the ASCENT coordination team.For scheduled events like ASCENT Carbon Days, nominations are typically requested one month in advance. Broader technical support is reviewed on a rolling basis, with prioritization based on readiness, strategic alignment, and available resources.Support is delivered through regional workshops, peer exchanges, technical missions, digital platforms (e.g., MRV systems, climate finance trackers), partnerships with development agencies and market actors, and funding from the ASCENT TA envelope. Additional stakeholders, such as representatives from the Trade and Development Bank (TDB), may also be invited to participate in specific activities.