Carbon market instruments for sustainable mobility in Sub-Saharan Africa
In the midst of these challenges, electric two- and three-wheeled vehicles show promise within emerging economies, although uptake remains slow, in part due to limited carbon finance. Potential solutions to existing challenges include a digital approach to MRV that can aggregate small-scale carbon transport projects at a low cost, as well as engaging carbon markets under Article 6.2 of the Paris Agreement.
This report, supported by Shell Foundation together with Ampersand and the International Growth Center, explores the potential of carbon market mechanisms for electric two-wheelers through a case study example in Rwanda.