IETA and UNDP, UNEP, WB work to bring emission reduction projects to Africa
To help Africa obtain its fair share of emission reduction projects under the Kyoto Protocol’s Clean Development Mechanism (CDM) and satisfy growing carbon market interest on the continent, partner international agencies and the International Emissions Trading Association (IETA) on Wednesday launched the first all-Africa Carbon Forum in Senegal, under the umbrella of the Nairobi Framework.
The host country, with one CDM project in the validation/registration pipeline, sees potential in the CDM and is eager to scale up participation. “Africa represents a small fraction of the CDM projects worldwide, but this can change. Senegal sees this kind of forum as an effective means to spark that change,” said Me Madické Niang, Minister of State and Minister of Justice et Garde des Sceaux, Senegal.
The Nairobi Framework was launched in November 2006 to spread the benefits of the CDM, especially in Africa. Several projects have been launched in Africa, but the continent still accounts for just 27 of the more than 1150 CDM projects now registered in 49 developing countries. That said, the number of projects in Africa is growing, and the projects already in place are expected to stimulate several billion dollars worth of capital investment.
IETA president Henry Derwent said his association of more than 180 international companies “is excited to be the private sector partner, helping to bring on board essential business participation in a landmark, Africa-wide event.”
The United Nations Development Programme (UNDP), United Nations Environment Programme (UNEP), the World Bank and the UNFCCC secretariat have joined to implement the Nairobi Framework. They would welcome more partners, as well as additional support to implement their comprehensive programme proposal. Work to date has been funded, for the most part, from existing resources.