Project description

With mining set to revolutionize Guinea’s economic landscape and increase its electricity demand nearly seven fold, there is a clear opportunity to pre-emptively introduce and implement appropriate carbon mitigation instruments and competitive carbon price signals. Doing so not only maximizes the climate benefits of a rapidly developing mining sector, but allows peripheral or complementary sectors like energy and forestry to develop with clear guidance and good carbon governance.  Carbon Limits was tasked with developing and implementing the following in Guinea: 

• A robust MRV system that is resilient to political instability and limits opportunities for adverse interference or negative externalities
• A competitive yet efficient carbon pricing instrument (CPI) tailored to the needs and limitations of the local context 
• Practical guidance and actionable outputs for rapid and effective adoption of the CPI and MRV system