Article 6 Reporting Efforts in Ghana

Daniel Benefoh (Ghana - EPA)

Outline●●●●

NDC and crediting schemes
Authorisation options
Recording & tracking
Reporting & corresponding adjustment

Outline●●●●

NDC and crediting schemes
Authorisation options
Recording & tracking
Reporting & corresponding adjustment

Ghana NDCs and role of crediting schemes

In the FTCU Table Q.5g – Ghana intend to
use Article 6 to mobilise support todemonstrate mitigation & adaptation ambition

Option 1: A6.2
target outside
NDC to raiseambition

BAUOption 3: NOTauthorise MOs
for transfer b’cos
not additional

BL100
MtCO2e

NDC

59.8
MtCO2e2019

35.6
MtCO2e2030

Uncon$1.4 billion fromdomestic sources-25
MtCO2eOption 4: VCM
and A6.4M
targeted inside &outside NDC

AFOLU – 23.98 MtCO2e
Energy – 13.65 MtCO2e

Con$4.9 billion
from international
support$6.3
billion by2030-39.4
MtCO2eOption 1: A6.2
targets
conditional the2030
NDC as surplus
target-64.4
MtCO2eTransport – 0.11 MtCO2e
Waste – 21.31 MtCO2e
IPPU – 5.35 MtCO2e

Sectoral measures havebeen grouped into
conditional andunconditional types

E.g., REDD+, Forest plantation development & Conservation,

Wildfire mgt, (3-Unconditional, 2 Conditional)
E.g., RE, Clean cooking, EE in industry, fuel switch, nuclear(5-Unconditional, 15 Conditional)
E.g., E-mobility, rail transit system, non-motorised transport, fleet
renewal and over-aged vehicles (3-Unconditional, 2 Conditional)
E.g., Compost, Landfill gas management and methane recovery,
biogas (1-Unconditional, 2 Conditional)

E.g., Promote energy efficiency in the steel Industry, RAC(2 Conditional)

Outline●●●●

NDC and crediting schemes
Authorisation options
Recording & tracking
Reporting & corresponding adjustment

Outside
NDC

Conditional NDC

35.6 MtCO2e

39.4 MtCO2e

Unconditional
NDC-25
MtCO2eCarbon assets
offsets
VER
units

Issuedagainst GS,VCS,
TREEs
standards

No Authorisation byGhana but endorse tocount against NDC
Voluntary finance

Ghana counts
unauthorizedunits against its
NDC

A6.4
ERs
NDC

IssuedagainstParis
Agreement

Authorisation by Ghana
as host country underA6.2 or 6.4M

MOsIMP – CORSIA offsets
transfer

OIMP – Voluntary offsets
OMGE Cancellation

35.6 MtCO2e

39.4 MtCO2e

OutsideNDC

Conditional NDC

Corresponding
adjustment byGhana in its
emission balanceCarbon projects development options - Ghana carbon market framework
Option 4: A6.4 +authorisation fromthe first transferring
country

Option 1: G2G Bilateral
Cooperation

Option 2: G2P
unilateralengagement

Eligible activities
from conditional
NDC

Eligible VCM
projects

Inside & outside
NDC covered inGHG inventory

Approval and SD
Letter from HostParty

Authorisation by
participating partiesof activities & MOs
and their use NDC,
IMP or OIMP

Host Party
Authorisation ofoutcomes & use for
IMP or OIMP

Host Party’s
endorsement letterfor counting toward
NDC

Authorisation ofentity & A6.4ERs

Transfer &corresponding
adjustment (CA)Host Party transfer
and CA of units for
specific IMP or
OIMP use

NO authorisation ofcredits for transfer

First transfer fromhost party & apply
CA

Reporting from theaccounting registry
to Article 6
database

Reporting fromaccounting registry
to Article 6
database

Reporting in
Accounting registry

ReportingOption 3: VCM
without CAG-to-G bilateral framework agreement
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Ghana - Switzerland Agreement (Signed in 2020, aiming to transfer 5 MtCO2e)
Ghana - Sweden Agreement (Submitted for cabinet approval)
Ghana - Singapore Agreement (Undergoing official legal review)
Ghana – Korea engagement (Exchanged letter of intent. Drafting bilateral agreement)
Ghana- UAE (Initial contact made. Follow-up discussions planned in the coming days)

Ghana – private sector engagements●●●●

Mercuria Energy Trading – signed MOU, November 2021
Trafigura Environmental Solutions SARL - Exchange of Letter of Intent, February 2022
Marubeni Cooperation – in-country mission, October 2022/April 2023
British Petroleum - initial contact, October 2022/ follow-up – March 2023

Result-based payment (Forestry Commission)●World Bank FCPF REDD+ - First payment ~$4.9 for 973 kilotonnes of emission reduction units

Carbon market committee•••

Considers and decides on authorisation andapproval request
On recommendation of technical body Make rules
on eligibility of project
Review and approve recommendation fromtechnical body on standards, accreditation andmethodologies

Technical advisory body
Forwards request for
authorisationthat meeting
eligibility criteria

Providesguidelines/rules
eligibility criteria,
methodology &accreditation

CMO@ EPA• Receives application forauthorisation/approvals• Evaluate if application meet eligibility criteria• Reporting, registry & corresponding
adjustment

Provide technical advice on matters such as
eligibility, methodology development,
accreditation, authorisation & corresponding
adjustment

Outline●●●●

NDC and crediting schemes
Authorisation
Recording & tracking
Reporting & corresponding adjustment

Asset transactions + tracking & recording options
Issuance + transfers
Transaction registries
Asset type plus
CA status

HR

ITMO+CAAuthorisation (A) or
Endorsement (E)IssuedagainstPA orOffsetprogrammestandards

UNFCCC’s
Centralizedaccounting &reporting platform

Ghana’s
accounting
registry
NRHR

VER+CA

Initial report
Annual Info.
Regular Info.

IRArticle 6
Database(A+CA)VER-CAIRPR
HR >> Host Party Registry
NR >> National Registry
IR >> International Registry
PR >> Private Registry

Meta Registries

Outline●●●●

NDC and crediting schemes
Authorisation
Recording and tracking
Reporting & corresponding adjustmentReporting information from the accounting registry (dummy figures)
Year

ITMOs
authorised

VER+CAauthorisedFirst
transfer

Successive
transfers

Acquisitions

Holdings

Cancellation

2021

1000

200

800

200-

200

2022

3000

300

2000

1300

-

-

300

2023

5000

400

5400

-

-

-

5400

2024

6000

1000

7000

-

-

-

2025

10-

10-

-

2026
2027
2028
2029
2030

Summary information
Budget for authorisation: 24 MtCO2e
Quantity authorised: xxxx
Quantity first transferred: xxxx
Quantity first transferred and in use: xxxx
Quantity in holding: xxxx
Quantity cancelled: xxxx
Quantity acquired: xxxx

Use information
Quantity first transferred and use: xxxx
Quantity first transferred for use toward NDC: xxxx
Quantity first transferred for use toward IMP: xxxx
Quantity first transferred for use toward OIMP: xxxx

Use for NDC

Use for IMP

Use for OIMP

800

200

1500

1000

500

3000

3000

1000

10

Examples of the corresponding adjustment reported in BTR
Elements

Units

GHG
2021

Reportingyear 2023

GHG
2024

A. Emissions/removals from sectors and GHGs covered by the NDC

tCO2e

1000

1500

5000

B. Total ITMOs and MOs authorised

tCO2e200300

40004500

B1. ITMOs first transferred

tCO2e

100

200

30003300

1000

10003300B1.1 ITMOs used towards NDC

tCO2e

B1.2 MOs used for IMP or OIMP

tCO2e

B1.3 MOs cancelled for OMGE

tCO2eSummary
Info

B2. ITMOs/MOs holdings
C. Corresponding adjustment per preferred method in Decision
2/CMA.3

tCO2e

1100

1100

1100

G. Emission Balance

tCO2e

1100

1700

8000

Article 6 reporting arrangements (timeline)
Report type

2023

2024

Initial A6.2 report
Annual Information(April 15, every years
Regulation Information

2025

2026

2027

2028

2029

2030

As and when participating Parties about to grant authorisationxxxxxxxxxxxxReporting arrangements (elements)
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Information on GHG emission covered by NDC (NDC baselines)
Annual GHG inventory results
Collecting carbon credits information○ Harmonise serial numbering format among multiple operators○ Connecting accounting registry to transaction registries○ Means for information sharing (means of communication – manual, automation )○ Protocol for information sharing○ Use of reporting template
QA/QC of registry information
Population of the reporting templateReporting arrangement (roles)
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Reports prepared by the Ghana Carbon Market Office (CMO).
GHG information obtained from the GHG Inventory teamObtain authorisation information for initial report preparation
ITMOs and MO information from Ghana Carbon Market Registry Administrator, private registries, meta registries or international registry
Information obtained from established means of communication.
Ghana Carbon Market Office prepares annual and regular information based on information from transaction and accounting registries
CMO participate in UNFCCC review of reports

Next steps
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Training on authorisation and corresponding adjustment requirements
Training on the UNFCCC reporting templatePreparing reporting manual.
First Annual Information scheduled for 15th April 2023
First BTR with Regular Information scheduled for December 2024

First Initial reports published by the CMO in December 2022 to sustainable rice project in Ghana

Thanks