African Carbon Support Program

12-Jul-2013

AfDB Continues to Support Low-carbon Development Pathways for Africa

For the fifth time the African Development Bank was a co-organizer of the Africa Carbon Forum (ACF) along with UN agencies, the World Bank and the International Emissions Trading Association (IETA). This important forum was held from July 3-5, 2013 in Abidjan, Côte d’Ivoire. Given the challenges of the current carbon market, ACF reflected on how the Kyoto Protocol’s Clean Development Mechanism (CDM) and other mitigation and financing mechanisms have performed to date ad discussed how those mechanisms could continue to be successfully applied on the African continent. As the premier financing...
20-Apr-2012

Greening Africa’s Future - Carbon Market Actors Connect at the 4th Africa Carbon Forum

The 4th Africa Carbon Forum (ACF),opened its doors this week to more than 1,000 registered participants from across the world to foster a discussion on climate change and carbon finance in Africa. The message resonating this year from the Forum is that Africa represents a golden opportunity for a green future.   “The vast potential represented by African countries in the fight against climate change cannot be underestimated,” said Christiana Figueres, Executive Secretary of United Nations Framework Convention on Climate Change (UNFCCC). She continued:  “The Africa Carbon...
17-Apr-2012

AfDB co-Organizes 4th African Carbon Forum for Carbon Control and Investment in Africa

Greening Africa’s Future - Carbon market actors connect at the 4th Africa Carbon Forum The 4th Africa Carbon Forum (ACF),opened its doors this week to more than 1,000 registered participants from across the world to foster a discussion on climate change and carbon finance in Africa. Read More Background The African Development Bank (AfDB) is co-organizing the 4th African Carbon Forum, where the latest developments and knowledge on the carbon market will be aired, on 18 to 20 April, at the UN Conference Centre in Addis Ababa, Ethiopia The Forum is a trade fair and...
22-Feb-2012

ACSP Seminar on Carbon Market Encourages Bank Staff to Access CDM

The African Carbon Support Program (ACSP) held a seminar on 12 January 2012 for staff of the African Development Bank (AfDB) on the outcomes of COP17 and how they relate to the Bank’s current and planned climate change initiatives, particularly those involving carbon finance. Topics included the current status and trends of the carbon market, negotiations towards a new international climate agreement, short and medium term implications for the Clean Development Mechanism (CDM) in Africa, and scaling up carbon finance. The ACSP also highlighted its work in 2011 and plans for...
23-Nov-2011

Building CDM case for Ethiopia- Kenya Hydropower Interconnection Project

An Ethiopia-Kenya hydropower interconnection project may be the first to benefit from work beginning conducted by the African Development Bank (AfDB), through the African Carbon Support Programme (ACSP), to develop a new Clean Development Mechanism (CDM) methodology that would make interstate electricity connection eligible for CDM revenue.  The Ethiopia-Kenya project serves as a case study for the methodology, and involves 2,000 MW of clean hydro energy to be generated in Ethiopia and then exported to Kenya to replace the equivalent amount that would otherwise be generated from...
22-Nov-2010

AfDB Launches African Carbon Support Program

The African Development Bank (AfDB) has launched a two-year technical assistance program - the African Carbon Support Program, which is being implemented by its Energy, Environment and Climate Change Department. The program, launched on 4 November 2010, is geared toward assisting Bank clients in regional member countries to access carbon finance in order to ensure the commercial viability of their investments. Essentially, the program involves a screening process whereby the carbon finance potential of investment proposals received by the Bank is identified and assessed. At the same time,...