Africa’s Sovereign Ecological Transition: ASCR Foundation at TICAD-9

This is exactly what 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐂𝐚𝐫𝐛𝐨𝐧 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 are achieving with the support of the 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐂𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐲 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧. In Djibouti, the first Initiative launched in 2023 has already financed around fifty programs, from clean water access and maternity hospitals to biodiversity preservation, mangrove restoration and renewable energy, made possible by carbon contributions collected from international maritime and air polluters. All of this without disrupting port or airport activity. Earlier this year, Gabon became the second country to adopt this pioneering mechanism.

What emerged at TICAD-9 is a powerful signal: Africa’s partners recognize that 𝐬𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧𝐭𝐲 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐚𝐜𝐭𝐢𝐨𝐧. The role of 𝐀𝐟𝐫𝐢𝐜𝐚 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐂𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐲 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 is to ensure these Sovereign Carbon Initiatives are designed, governed and verified with the highest standards of integrity, thereby enabling the financing of environmental and climate-mitigation projects in African countries.