Africa has abundance of renewable energy resources
DEVELOPMENT| April 19, 2012, 9:30 a.m.
Africa has an abundance of renewable energy resources to satisfy future energy needs, delegates at the Africa Carbon Forum in Ethiopia have heard.
Despite this, Africa continues to face enormous obstacles to investment and lags behind other parts of the world in taking advantage of carbon finance to develop climate friendly projects and to encourage the transfer of cutting edge technologies and know-how.
The 4th Africa Carbon Forum (ACF), this year in Addis Ababa, opened its doors today to over 1,000 registered participants from across the globe to foster a discussion on climate change and carbon finance in Africa.
The message resonating this year from Addis 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). “The Africa Carbon Forum is where potential projects and developers and funders can meet, exchange ideas, and – it is hoped – take the concrete steps toward greening Africa’s future.”
This three-day forum has been described by participants of previous ACFs as “the one ‘unmissable’ event for doing carbon business in Africa.” ACF’s aim is to share knowledge on carbon markets and green technologies in Africa.
The conference includes presentations by experts in the field as well as workshops that will allow for a dialogue among policymakers, project developers, and investors on topics such as the future of the Clean Development Mechanism (CDM) in Africa, climate-smart agriculture, public–private partnerships, and project funding on the continent.
Delegates heard Africa is a continent that has the potential to make a significant impact on mitigating climate change through its extensive forest resources. To achieve this, further investment needs to be facilitated for low carbon projects. CDM is in the process of standardization to simplify rules for low income countries. These topics, among others, will be discussed at the Africa Carbon Forum.
The Africa Carbon Forum is held under the Nairobi Framework, an initiative launched to help developing countries, particularly those in sub-Saharan Africa, to increase their participation in the CDM.
The organizing partners of this year’s Africa Carbon Forum include the African Development Bank, the African Climate Policy Centre, the International Emissions Trading Association (IETA), United Nations Development Programme (UNDP), United Nations Environment Programme (UNEP) and its UNEP Risø Centre, United Nations Framework Convention on Climate Change (UNFCCC), and the World Bank and itsWorld Bank Institute. The Forum will also be supported by the Ethiopian Environmental Protection Agency.
MORE DEVELOPMENT NEWS
Twenty SMMEs graduate from MTN SA Foundation Accelerated Business Development ProgrammeThis year twenty students are graduating from the MTN SA Foundation sponsored Accelerated Development Programme (ABDP). Read More
Caterpillar launches free e-learning website for future technicians in AfricaCaterpillar has launched the pilot phase of an e-learning website for people who have the ambition to become a technician in Nigeria, Mozambique and DR Congo. Read More
E-agriculture: How ICT is taking farming into the futureICTs have the potential to support agricultural development in poor countries by functioning as innovative solutions to agricultural challenges. Read More
KitsoWorks holds stakeholder engagement sessionThe implementing partners of Botswana's KitsoWorks initiative are working on scaling up the youth empowerment pilot project. Read More
New i2i initiative to draw customer data for better financial servicesThe Mastercard Foundation has launched a $9.6 million Initiative with Finmark Trust and Cenfri to provide better aggregated data to help financial service providers respond more appropriately to banking needs of poor clients. Read More
Airtel Kenya, First Lady launch mobile clinic in Embu countyAirtel Kenta CEO Adil El Youssefi yesterday joined Her Excellency the First Lady Margaret Kenyatta for the official handover ceremony of the Airtel funded 34th “Beyond Zero” mobile clinic to Embu County. Read More
Schneider Electric launches 2016 graduate programmeSchneider Electric South Africa has launched a graduate programme for those students who want to become world-class engineers in the field of energy management. Read More
Airtel Ghana wins CSR excellence awardAirtel Ghana has been named Best CSR Company for Education at the 5th Ghana CSR Excellence Awards. Read More
COMESA, Microsoft collaborate to promote access, skills and innovation in 19 African countriesCOMESA, through the COMESA Business Council (CBC) and Microsoft, have taken a step toward strengthening their working alliance by signing a Memorandum of Understanding (MoU), which sets out how they will collaborate in the areas of access to technology, development of relevant skills and the fostering of innovation in COMESA ... Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.