Ghana’s carbon registry

Daniel Benefoh, Ghana - EPA

Outline●●●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

MOs

IMP – CORSIA
offsetstransfer

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 in
GHG 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 inAccounting registry

ReportingOption 3: VCMwithout CA

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

HR

ITMO+CAAuthorisation (A) or
Endorsement (E)IssuedagainstPA orOffsetprogramme
standards

UNFCCC’s
Centralizedaccounting &reporting platform

Ghana’s
accounting
registryNR

HR
VER+CAIR

Initial report
Annual Info.
Regular Info.

Article 6
Database(A+CA)VER-CAPR
HR >> Host Party Registry (Ghana Carbon Registry)
NR >> National Registry
IR >> International Registry
PR >> Private Registry (GS, VCS, GCC etc

Meta Registries (World Bank, UNDP)IRGhana
CarbonRegistry

Asset serial
number format

Reporting information from accounting registry
Year

ITMOs
authorisedMOsauthorisedFirst
transfer

Successive
transfers

Acquisitions

Holdings

2021

1000

200

800

200

-

200

2022

3000

300

2000

1300

-

1500

2023

5000

400

5400

-

-

-

2024

6000

1000

7000

-

-

-

2025

10-

10-

Cancellation

Use for IMP

800

200

3000

3000

Use for OIMP

5400

-

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 for NDC

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

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

tCO2e100200

30003300100010003300

B1.1 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

Upcoming work on Ghana Carbon Registry●●●

Starting work on “registries interoperability guidelines” development▪
Manual connectivity▪
Excel-based▪
APIDiscussion with CAD TrustBusiness plan development for carbon registry operationThanks