Tag: Global Green Growth Institute (GGGI)

Singapore has joined the Global Green Growth Institute’s (GGGI) Carbon Transaction Facility (CTF) as a contributor to the Article 6 Readiness Facility, becoming the CTF’s fifth contributor alongside New Zealand, Norway, Sweden, and the United Kingdom – all key partners committed to supporting the implementation of high-integrity carbon markets under Article 6 of the Paris Agreement. As part of this partnership, the CTF also welcomes the establishment of a new carbon fund, the Singapore Article 6 Carbon Facility (SACF), with Singapore as its principal contributor.  Singapore’s participation reflects its continued commitment to international climate cooperation, and to supporting developing countries…

Norway and Zambia have signed a Mitigation Outcome Purchase Agreement (MOPA) under Article 6 of the Paris Agreement facilitated by the Global Green Growth Institute (GGGI)’s Carbon Transaction Facility (CTF), launching the Carbon Feed-In Premium (CFIP) Program to accelerate new renewable energy generation in Zambia. The Program will provide performance-based payments for verified emissions reductions linked to renewable electricity delivered to Zambia’s national grid. The CFIP Program is designed to help unlock clean energy investment by reducing risk for developers and supporting Zambia’s national energy and climate priorities. By paying…