GUINEA SIGNALS SUPPORT FOR GLOBAL AND DOMESTIC CARBON PRICING BY JOINING THE GLOBAL CARBON PRICING CHALLENGE
- Guinea joins Global Carbon Pricing Challenge (GCPC) as Friend, reinforcing its commitment to reducing greenhouse gas emissions and combating climate change.
- GCPC membership reaches 14 Partners and Friends as the global initiative continues with its core aim of covering 60% of the world’s emissions with carbon pricing by 2030.
The Global Carbon Pricing Challenge (GCPC), a partnership of countries and the European Union committed to carbon pricing supported by key international organizations, is pleased to announce that Guinea is the second country to join as a Friend of the GCPC.
The GCPC is a global initiative aiming to cover 60% of the world’s emissions with carbon pricing by 2030. Guinea joins Côte d’Ivoire, which joined in 2023, as a Friend of the GCPC. Friends of the GCPC support the Challenge’s goals and objectives and have a clear interest in explicit carbon pricing domestically or internationally.
The GCPC is a leader-level initiative, announced by Canada during COP26, that aligns economic objectives with low-carbon goals and drives investment in clean innovation and technology. Through the GCPC, Partners and Friends are provided with a platform for global collaboration and the sharing of lessons learned from implementing carbon pricing.
Guinea’s announcement follows France and Kazakhstan joining the GCPC as Partners earlier this year, with several countries currently in discussions to join as both Partners and Friends. Together, these dedicated Partners and Friends are helping to spur momentum to expand carbon pricing as a low-cost, effective way to reduce emissions and drive innovation.
Guinea is working towards being a climate and biodiversity leader in West Africa and has made significant steps to reduce its greenhouse gas emissions. As a member of the West African Alliance on Carbon Markets and Climate Finance, Guinea committed in 2022 to preserving nearly 30% of its natural resources by 2030, which will reduce greenhouse gas emissions and improve ecosystem resilience. In 2021, Guinea updated its nationally determined contributions, including a target of 20% unconditional and 49% conditional reduction in GHG emissions by 2030.
“I am proud to announce that the Republic of Guinea has joined the GCPC as a Friend, to support the expansion of carbon pricing through high-level dialogue and technical exchanges to accelerate the implementation of new pricing systems,” Mme Oumou Doumbouya, DNAPNCC/Point Focal CCNUCC, said. “We are excited to work with the GCPC network to further collaborate on an international scale with other Friends and Partners to share best practices for effective carbon pricing.”
“We are thrilled to welcome Guinea as the latest Friend of the GCPC. The more countries that adopt carbon pricing, the more effective it becomes, driving clean solutions,” commented Catherine Stewart, Chair of the GCPC Advisory Committee and Canada’s Ambassador for Climate Change. “This announcement underscores Guinea’s commitment to GHG emissions reduction on a global scale. Through international cooperation, countries that price carbon are raising the bar on climate ambition and signalling that it can no longer be free to pollute.”
Any country or jurisdiction with a clear interest in carbon pricing may join as Friends of the initiative. As a Friend, Guinea may send representatives to the Technical Working Group and participate in pilot partnerships to receive tailored support for their efforts to implement or better understand carbon pricing.
Guinea joins existing Partners Canada, Chile, Denmark, the EU, France, Germany, Kazakhstan, New Zealand, Norway, Republic of Korea, Sweden and the UK, and Friend Côte d’Ivoire.
Contact
For further information, please contact the GCPC Communications Team: info@globalcarbonpricingchallenge.org