The Jospong Group has presented a comprehensive plan for private sector involvement in carbon markets, showcasing Ghana’s potential for climate action.
General Manager of the Jospong Green Transition Office, Ing. Dr. Glenn Kwabena Gyimah revealed the company’s progress in leveraging Ghana’s Article 6 framework to drive environmental and social impact.
Speaking at the World Climate Foundation panel discussion on the sidelines of COP30 (30th United Nations climate change conference) Brasil Amazonia, Belem climate summit, Dr. Gyimah stated that “the clarity brought by Ghana’s Carbon Market Office and National Authorization Framework transformed carbon markets from a policy discussion into a viable business opportunity.”
According to him, the Jospong Group has achieved significant milestones since 2024, including integrating project portfolios with Ghana’s National Carbon Registry.
“We have successfully integrated our project portfolios with Ghana’s National Carbon Registry, making our composting, landfill gas recovery, and clean cooking initiatives among the first to be officially tracked in the national system, Dr. Gyimah explained.
The company’s approach prioritizes social impact, with Dr. Gyimah noting, “For us, participation in carbon markets represents a fundamental redefinition of the private sector’s role in national development. Every ton of carbon we mitigate must tell a social story – creating green jobs, improving agricultural yields through organic fertilisers, and enhancing urban air quality.”
Addressing implementation challenges, he acknowledged initial hurdles but highlighted solutions.
“While we faced complex MRV protocols and high verification costs initially, through public-private dialogue, we’ve developed workable solutions that maintain both environmental integrity and investment viability,” he said.
He further emphasized community engagement, stating that their community benefit-sharing model ensures that carbon revenue is reinvested in local development – supporting schools, clean water, and reforestation initiatives.
Dr. Gyimah added that, with a forward-looking perspective, stating that their experience demonstrates that when government and business work in synchronization, carbon markets become more than just transaction platforms – they evolve into powerful instruments for sustainable national development and green growth.
