Wahu Mobility, a Ghanaian electric bike startup, has secured a key carbon credit agreement with Switzerland, representing just the second global e-mobility transaction under the emerging Article 6 carbon market mechanism of the Paris Agreement on climate change.
This agreement has the potential to boost Africa’s presence in the global carbon market, while providing cleaner transportation options for thousands of local delivery riders.
“This authorization marks a pivotal moment for Wahu Mobility and Africa’s e-mobility sector,” said Wahu Mobility CEO Valerie Labi.
Five-year rollout
As part of the agreement, 117,000 electric bikes will be rolled out across Ghana over the next five years.
This initiative is expected to prevent around 752,684 tons of CO₂ emissions by 2030, creating Internationally Transferred Mitigation Outcomes (ITMOs) – a type of carbon credit – that will be sold to Switzerland.
As part of the agreement, Wahu plans to deploy 117,000 e-bikes over the next five years. (Source: Klik Foundation)
The deal took two years to validate and required approval from both Ghanaian and Swiss authorities.
This agreement marks a significant milestone for Africa’s e-mobility sector and the continent’s involvement in the global carbon market.
It advances sustainable transportation solutions for thousands of delivery riders and commuters in Ghana, substituting fossil fuel motorcycles with low-emission electric bikes.
Switzerland invests heavily in Ghana
Switzerland is aiming to reduce emissions by 65% by 2035 compared to 1990 levels and is a leading buyer of carbon offsets under Article 6.
Much of its carbon credit procurement is facilitated by the Klik Foundation, which supports climate projects worldwide and is investing heavily in Ghana with projects worth up to US$1.1 billion.
“This will accelerate the energy transition by bringing in technologies that wouldn’t have happened in the next five years,” said Michael Abrokwaa, Ghana country manager for Klik.
Ghana is positioning itself as a regional leader in carbon finance, aiming to sell up to 24 million tons of CO₂ credits under Article 6.
The country has established a national carbon registry and approval committee, with four projects already authorized by the Environmental Protection Authority, including Wahu Mobility’s initiative.
“This e-bike activity is an outstanding example of how innovative solutions can drive real change. The project’s methodology and implementation plan align perfectly with our criteria for reducing CO₂ emissions under Article 6 of the Paris Agreement,” said Dr. Daniel Tutu Benefoh, head of Ghana’s Carbon Market Office.
