Cape Town to host African carbon trading conference
Thématique :
sud afrique
Cape Town will host the second annual Carbon Markets Africa conference next month, aimed at examining the potential for clean development mechanism (CDM) projects in Africa.
The conference will seek to provide a platform for the local and international corporate sector to learn about the latest developments for CDM in Africa.
A World Bank report released earlier in September indicated that the potential for CDM projects in sub-Saharan Africa has been significantly underestimated, evidenced by the fact that the continent only has 1,4% share of the 3 700 projects in the current United Nations Framework Convention on Climate Change pipeline.
The CDM is an arrangement under the Kyoto Protocol allowing industrialised countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries.
Essentially, this conference, which forms part of a Global Carbon Markets Series, will offer a platform for CDM project hosts, carbon credit buyers, government representatives, and carbon experts to learn, network and do business.
According to Green Power Conferences, this series is firmly focused on attracting new project hosts and expanding the global carbon markets.
Although lagging behind Asia and Latin America in terms of registered CDM projects, the conference organisers argue that African nations are in a position to benefit from the rapid expansion of the global carbon markets and the increasing demand for carbon-emission reduction.
The introduction of programmatic CDM should help to attract more investors to African countries as unilateral CDM projects decrease the potential investment risks.
Over 2700 high-level delegates have attended the Carbon Markets Global Series to date.
The conference will seek to provide a platform for the local and international corporate sector to learn about the latest developments for CDM in Africa.
A World Bank report released earlier in September indicated that the potential for CDM projects in sub-Saharan Africa has been significantly underestimated, evidenced by the fact that the continent only has 1,4% share of the 3 700 projects in the current United Nations Framework Convention on Climate Change pipeline.
The CDM is an arrangement under the Kyoto Protocol allowing industrialised countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries.
Essentially, this conference, which forms part of a Global Carbon Markets Series, will offer a platform for CDM project hosts, carbon credit buyers, government representatives, and carbon experts to learn, network and do business.
According to Green Power Conferences, this series is firmly focused on attracting new project hosts and expanding the global carbon markets.
Although lagging behind Asia and Latin America in terms of registered CDM projects, the conference organisers argue that African nations are in a position to benefit from the rapid expansion of the global carbon markets and the increasing demand for carbon-emission reduction.
The introduction of programmatic CDM should help to attract more investors to African countries as unilateral CDM projects decrease the potential investment risks.
Over 2700 high-level delegates have attended the Carbon Markets Global Series to date.
