Jospong Group charts pathway for private sector leadership in carbon markets at COP30

The Jospong Group has illustrated how Ghana’s private sector can move decisively from carbon-market preparedness to concrete climate action, says Ing. Dr. Glenn Kwabena Gyimah, General Manager of the Jospong Green Transition Office.

Speaking at a World Climate Foundation panel discussion on the sidelines of the COP30 Brasil Amazonia summit in Belém on Friday, November 14, Dr. Gyimah shared how the company has capitalised on Ghana’s Article 6 framework to generate meaningful environmental and social outcomes.

“The clarity provided by Ghana’s Carbon Market Office and the National Authorization Framework has shifted carbon markets from being purely policy conversations to viable business opportunities,” he noted.

He highlighted the company’s progress since 2024, outlining five key milestones in implementation.

“We have fully aligned our project portfolios with Ghana’s National Carbon Registry, making our composting, landfill gas recovery, and clean cooking programmes among the first to be captured in the national tracking system,” he explained.

Dr. Gyimah stressed that Jospong Group’s involvement in the carbon market is driven by more than the generation of carbon credits.

“For us, carbon markets represent a new definition of the private sector’s role in national development,” he said.

"Every ton of emissions reduced must translate into social value—whether through green jobs, improved crop yields from organic fertiliser, or cleaner urban air.”

Acknowledging the complexities of implementation, he noted initial hurdles such as stringent MRV requirements and high verification costs.

However, he emphasised that sustained public-private dialogue has produced practical solutions that safeguard both environmental credibility and investor confidence.

He also outlined four emerging models shaping Ghana’s evolving carbon market, highlighting the central role of community involvement.

"Our community benefit-sharing model ensures that carbon revenues flow back into local development—supporting education, clean water, and reforestation efforts,” he said.

Dr. Gyimah concluded by emphasising the transformative potential of strong partnerships.

“Our experience shows that when government and the private sector work in alignment, carbon markets become more than transactional systems—they become strategic tools for sustainable national development and green growth.”

Story by: Joshua Kwabena Smith