The Youth Climate Council Ghana (YCC) has expressed deep concern and strong opposition to a recent proposal by Parliament to establish a pension fund scheme for Members of Parliament (MPs) using revenues from the carbon market.
According to the YCC, this proposal directly undermines Ghana's climate commitments and constitutes a blatant misuse of key climate finance intended for national sustainability efforts.
In a statement, the council noted that the Paris Agreement, under Article 6, explicitly provides a framework for carbon markets, with the clear objective of advancing climate action and sustainable development. "Diverting these funds away from their intended purpose would not only violate international commitments but also weaken Ghana's ability to meet its emissions reduction targets," the statement added.
Youth Climate Action highlighted that Ghana aims to reduce greenhouse gas emissions by 64,000 ktCO2e by 2030, with a significant portion of this reduction relying on carbon market mechanisms and international financial support.
