The introduction of REDD+, AR-CDM, AFOLU/INDCs and voluntary carbon market related initiatives as market-based mechanisms aims at reducing global carbon emissions, enhancing environmental resilience and spurring economic growth and development. These mechanisms are attractive to the economies, sustainable environmental management, and livelihood improvements of African countries. The implementation of these market-based mechanisms has resulted in the greater availability of financing, transfer of technology and capacity building incentives that underpin GHG emissions reductions and enhancement of ecosystem resilience. Ultimately this leads to stable ecosystems in which sustainable development that leads to the improvement in peoples’ livelihoods would be ensured.