The Mitigation Action Facility has published a new policy paper “The Mitigation Action Facility’s strategy for supporting carbon markets through Technical Cooperation”. It aims to provide guidance to potential applicants and Implementation Organisations (IOs) on how the Mitigation Action Facility supports carbon markets as part of its Technical Cooperation (TC) component.
The Mitigation Action Facility funds ambitious climate mitigation projects that implement countries’ Nationally Determined Contributions (NDCs) and long-term strategies under the Paris Agreement. Through our TC support, we strengthen capacities, frameworks, and systems that enable transformational change and enhance the readiness of emerging and developing economies (EMDEs) to participate in high-integrity carbon markets.
The policy paper outlines three key areas where TC funds can be used to advance carbon markets:
- Preparation of carbon market activities – including methodology development, activity design documents, and registration under recognized standards.
- Support for carbon market public goods – such as standardised baselines and tools that enable replication and scaling.
- Enabling environments – including legal frameworks, capacity building, and infrastructure for long-term market participation.
