Promoting access to low-carbon development in Africa
As part of their work to support African nations along a low-emission path to development, partner UN agencies, the International Emissions Trading Association (IETA) and the World Bank group are hosting the fifth Africa Carbon Forum in Cote d'Ivoire, on 3-5 July 2013.
"The African continent has historically not benefited much from the CDM," said Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC). "The current state of the market opens the possibility for African nations to increase their participation, in particular via a programmatic approach that caters to smaller projects. The Africa Carbon Forum aims to further improve the access to and spread of the CDM on the continent."
The CDM allows emission reduction projects in developing countries to earn certified emission reductions (CERs), commonly known as carbon credits, each equivalent to one tonne of carbon dioxide. CERs can be traded and sold, and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.