On September 26th, ALLCOT was present at the opening session of the West Africa Carbon Market Hub, a collaborative event organized by IETA and the West Africa Alliance. Set against the backdrop of Abidjan, Ivory Coast, this event marked a crucial milestone in addressing climate finance and carbon market mechanisms.

At the heart of the discussion was the question of how to raise awareness and enhance the capacity of state and non-state actors in West Africa to promote carbon markets. This includes collaboration between the private and public sectors, local authorities, and NGOs, all of whom play a pivotal role in establishing thriving carbon markets in the region.

The following interview highlights the significance of carbon credits, enabling countries in the global North to offset their carbon footprint by acquiring rights for emissions from less contaminating countries in the South. However, it emphasizes that for this system to be equitable, the price paid by countries like Côte d’Ivoire must align with their ambitious climate goals.

Watch the discussion to hear insights from ALLCOT’s CEO & Founder, Alexis Leroy, who shares thoughts on vital climate change and finance issues.