Africa Carbon Markets Initiative (ACMI)


Scaling voluntary carbon markets across Africa

Global demand for carbon credits is rising and there is huge potential for Africa to supply these credits. The money received in return can finance sustainable development across the continent, powering economic growth while reducing global carbon emissions.

The Africa Carbon Markets Initiative (ACMI) seeks to unlock the potential of voluntary carbon markets for financing Africa’s energy, climate and development goals.  

The initiative was launched at COP27 by a group of sponsors that includes the Global Energy Alliance for People and Planet, Sustainable Energy for All, The Rockefeller Foundation, and UN Economic Commission for Africa, with support from the UN Climate Change High-Level Champions. 

ACMI’s sponsors and Steering Committee, which consists of African leaders, CEOs, and carbon credit experts, are working across the entire carbon markets value chain to address barriers and help countries capitalize on the carbon market opportunity.


ACMI's Objectives

30 m

New or supported jobs, by 2030

100 m

New or supported jobs, by 2050

6 bn $

Value of the African credits mobilized, per annum, by 2030

100 bn $

Value of the African credits mobilized, per annum, by 2050


Megatons of CO2e in African carbon credits retired by 2030


Gigatons CO2e in African carbon credits retired by 2050


ACMI Steering Committee 

African Governments 

  • Yemi Osinbajo, Vice President, Government of Nigeria 

Global Expertise 

  • Iván Duque Márquez, Former President, Government of Colombia 

  • Annette Nazareth, Chair, Integrity Council for Voluntary Carbon Markets 

  • Samuel Thevasagayam, Deputy Director, Gates Foundation 

  • Gillian Caldwell, Chief Climate Officer, USAID 

  • Bogolo Kenewendo, Africa Director, Special Advisor, UN Climate Change High-Level Champions 

  • Kelley Kizzier, Director of Corporate Action and Markets, Bezos Earth Fund 

Verification/Registry Agencies 

  • David Antonioli, CEO, Verra 

Suppliers, Financiers, Intermediaries and Buyers 

  • Sitoyo Lopokoiyit, CEO, M-PESA Africa 

  • Ariel Perez, Managing Partner, Hartree 

  • Riham ElGizy, Director, MENA Voluntary Carbon Exchange 

  • M. Sanjayan, CEO, Conservation International 

Partner Collaborators 

  • Damilola Ogunbiyi, CEO, Sustainable Energy for All (SEforALL), Special Representative of the UN Secretary-General for Sustainable Energy for All 

  • Joseph Nganga, Vice President Africa, Global Energy Alliance for People and Planet (GEAPP) 

  • William Asiko, Vice President for Africa, The Rockefeller Foundation 



Get further information via e-mail or the ACMI LinkedIn page.