Overview

Description

Côte d’Ivoire is developing a carbon pricing strategy aimed at reducing greenhouse gas emissions and mobilizing climate finance. While no formal carbon tax is currently in place, the initiative includes fuel excise adjustments, preparation for a carbon tax framework, and participation in international carbon credit programs—particularly through forestry-based emissions reduction projects—allowing the country to generate revenue while supporting its climate goals.

Recent Developments

• Côte d’Ivoire received a US$15 million carbon payment in June 2025 from the World Bank’s Forest Carbon Partnership Facility, bringing total payments to US$50 million for verified emissions reductions. • The country signed a US$23 million private-sector deal with Emergent for high-integrity REDD+ forest carbon credits, managed through its Carbon Market Bureau (BMC). • A pilot biodiversity credit market was launched in April 2025, expanding the country’s climate-finance strategy beyond carbon. • IMF-backed reforms continued, supporting the planned carbon tax framework and strengthening climate-finance governance.

Coverage

Côte d’Ivoire’s carbon pricing initiative is expected to target primarily fossil fuel combustion (transport fuels, diesel, gasoline, heavy fuel oil), energy generation, and large industrial facilities, focusing on Scope 1 CO? emissions. Small-scale facilities and households are likely to be exempt, while forestry and nature-based projects generate carbon credits rather than being taxed. Future expansions may include other greenhouse gases (CH?, N?O) and indirect emissions (Scope 2).

Pricing and Allocation Approaches

Not Specified

Compliance Approaches

Not Specified

Relation to Other Compliance CPIs

Not Specified

Covered Sectors

No eligible activities specified for this instrument.