Green Economy and Climate Change (Carbon Market) Regulations, 2026

1. IFC Stakeholder Consultations or Stakeholder Engagement Guidebook

2. Gold Standard’s ‘Stakeholder Consultation and Engagement Requirements’ Means of Verification SD impacts are defined as monitoring parameter in the Project Proposal. Benefit sharing plan signed by communities, and other parties is provided. Stakeholder consultation conducted in consistency with international best practice and is documented in the Project Proposal. conduction Rationale: The appropriate that consultations stakeholders’ views and needs are considered in the overall activity design. the assurance increases of 9th January, 2026 Statutory Instruments 361 ID Stage Description and Rationable for the Indicator

16- Contribution to transformational change Concept Note & Project Proposal Criterion 3: Transformational Change The carbon credit generation activity shall document how it contributes to transformational change. The carbon credit generation activity should be able to contribute to transformational change for NDC ambition raising that aligns mitigation activities with pathways to achieve the long-term goal of the Paris Agreement and the 2030 Agenda SDGs by e.g., promoting transformational characteristics of the activity that lead to processes and outcomes for transformational impact, such as: technology change innovation), (e.g., R&D/local manufacturing, introduction of new incentives and regulations (e.g., carbon pricing, subsidies); change in norms (e.g., awareness, behaviour, and social values for sustainability). Rationale: The mere generation of mitigation outcomes will entitle other entities (exhibiting higher marginal abatement cost) to emit more GHG emissions. The procedures stipulated by 12a/CMA3 require activities to report on OMGE, however, this may be equally set to zero. Hence activities are required to document how they intend to contribute to transformational change. is defined as On an activity level, it is suggested to consider transformational change, instead of increase of ambition (cp. Olsen et al., 2021). Increase of the submission and ambition implementation of a more ambitious uNDC, which seems a big ask for a single mitigation activity. Contribution to transformational change is however a reasonable request for carbon credit generation activities activities. - Means of Verification Concept Note Phase: the activity should indicate one or more of following the options: - activity includes an element of technology innovation (to be defined by the AP) - activity includes an element of local manufacturing, assembly, R&D. could to - activity lead significantly high SD benefits. co- Project Proposal Phase: the project developer should demonstrate one or more of the following options: lead - How the activity could to substantial co- benefits. - Scale-up or through replicability potential of actions - either through a need for such interventions and/or business viability proposition. - How the activity can catalyse impact beyond a one-off investment. - How the activity can potentially trigger sector- wide changes or behavioural changes. LUSAKA 9th January, 2026 [OO./00/00] Minister of Green Economic and Environment M. MPOSHA, 362 Statutory Instruments 9th January, 2026