In a qualitative step to accelerate the pace of climate work and support the transition to clean energy in the African continent, the World Carbon Fingerprint Council (GCC) was approved by the World Bank, in order to develop a high -level carbon standard of integrity and transparency within the program “accelerate the transformation of sustainable and clean energy (ASCENT”, which aims to ensure that more than 100 million people have obtained sustainable and clean energy services, which This choice reflects the confidence of the international institution in the strength of the Council’s governance, the transparency of its operations and its compatibility with the best global practices and standards.
Under this partnership, the World Carbon Fram (GCC) will supervise the design and implementation of the “ASCENT)” Energy Power), a specialized digital platform aimed at expanding carbon financing in order to spread clean energy solutions in East and South Africa. The Council will rely on this on its independent structure of governance and its deep technical experience to ensure full compatibility with international standards, while developing practical solutions that meet the needs of regional contexts.
Dr. Youssef bin Muhammad Al -Hur, Chairman of the Board of Directors of the Carbon Fingerprint Council (GCC) stressed that “the expansion of energy access through the carbon markets requires innovative solutions that maintain environmental integrity, and at the same time achieve concrete benefits for societies,” stressing that “the” Ascent “program will work to develop a framework that links between clean energy solutions and climate financing, which accelerates sustainable access to energy in the areas most Need it. ”
Market solution solutions
As part of its duties within the (ASCENT) program, the Council will lead a comprehensive development process for energy access methodologies by integrating digital monitoring, reporting and verification systems (DMRV) with the aim of improving transparency, accuracy and expansion. The program will also simplify the verification and authentication protocols, which enables the implementation of large -scale and cross -border initiatives, and facilitates the automatic listing of the DRE) renewable energy technologies (DR) and clean cooking technologies within activities programs.
In parallel, the Council will establish a framework that recognizes the broader joint benefits of sustainable development resulting from the spread of clean energy, especially its social effects and at the level of local communities. The program’s course will be full – from registration of projects to the issuance of carbon assets – with the aim of reducing the costs of transactions and significantly accelerating the procedures. Training initiatives for capacity -building will be prepared for verification and authentication agencies (VVBS) to enhance implementation capabilities in the participating countries. Finally, the ASCENT standard will be combined with the national carbon records to support the activation of Article 6.2 of the Paris Agreement.
“The ASCENT standard, which the Council develops highly flexible digital solutions for energy access projects, will provide both the needs of voluntary and compulsory markets alike. The necessary efficiency and speed are achieved for the success of the energy transformation. ”