The Eastern Africa Alliance on Carbon Markets and Climate Finance is a coalition of six member countries, Burundi, Ethiopia, Kenya, Rwanda, Tanzania, and Uganda. The Alliance was born out of the need to participate, shape and enhance the regional readiness with regard to the new generation of market mechanisms under Article 6 of the Paris Agreement. Under the Paris Agreement, all party countries, including those of the Eastern Africa region need to present mitigation targets, hence member countries want to explore market mechanisms that can provide cost-efficient solutions for reaching their targets as identified in their Nationally Determined Contributions (NDCs).
It is against this background that Burundi, Ethiopia, Kenya, Rwanda, Tanzania, and Uganda formed the Eastern Africa Alliance on Carbon Markets and Climate Finance in June 2019 during the 50th sessions of the UNFCCC Subsidiary Bodies.
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