Overview: A practical path from readiness to action
At the COP30 platform, Dr Glenn Kwabena Gyimah, General Manager of the Jospong Green Transition Office, outlined a pragmatic blueprint for private sector engagement in carbon markets. The plan emphasizes not only preparing markets for carbon trading but translating readiness into tangible climate action on the ground. As a leading voice from Ghana’s private sector, Gyimah highlighted how the Jospong Group is piloting scalable models that other firms can emulate to drive emissions reductions while delivering measurable development benefits.
From carbon market readiness to real-world impact
The central thesis presented by Gyimah is that carbon markets work best when private enterprises integrate climate considerations into core business decisions. This means moving beyond compliance checklists to embedding transparent measurement, reporting, and verification (MRV) systems, ensuring credible carbon credits, and aligning market activity with local development goals. By doing so, companies can unlock private capital, create green jobs, and foster innovation in sustainability technologies.
The Jospong Group’s practical actions
The Jospong Group, through its Green Transition Office, is demonstrating how to translate policy signals into scalable action:
- MRV-enabled projects: Implementing robust monitoring to quantify emissions reductions, ensuring that credits issued are credible and verifiable.
- Community-centered projects: Aligning carbon initiatives with local development priorities, including clean energy access, waste management, and sustainable agriculture.
- Private-public collaboration: Partnering with government agencies, financial institutions, and civil society to streamline approvals, financing, and capacity building.
- Finance-ready pipelines: Structuring project portfolios that attract private capital by reducing risk and increasing transparency.
Gyimah stressed that the goal is not just to participate in carbon markets, but to ensure that market activities yield durable climate outcomes and tangible benefits for Ghanaian communities.
Policy context at COP30
Within the COP30 discussions, private sector leaders are pressing for policy clarity, standardized MRV methodologies, and interoperable markets that can operate across borders. A stable policy environment, coupled with accessible finance mechanisms, can empower companies to scale carbon-reduction investments. The Jospong Group’s approach signals a practical blueprint that aligns with national development plans while contributing to global climate ambitions.
Implications for other African businesses
Gyimah’s remarks resonate beyond Ghana. For African enterprises seeking to navigate carbon markets, the emphasis on credible accounting, stakeholder engagement, and community benefit sharing offers a replicable framework. When private sector actors lead with transparency and measurable results, markets gain trust, which in turn accelerates investment and broader climate action.
Conclusion: Turning readiness into action
As COP30 advances, Dr Glenn Gyimah’s blueprint provides a clear roadmap: private sector action must be anchored in robust MRV, community impact, and scalable partnerships. The Jospong Group’s progress illustrates that transitional pathways from carbon market readiness to real climate action are not only possible but already underway in Ghana, offering a model for the continent and beyond.
