Africa has abundance of renewable energy resources
DEVELOPMENTBy BiztechAfrica - 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
MTN Foundation supports orphans in CameroonFriends of the MTN Foundation have supported orphans at the Marie France Foundation Reception Centre in Cameroon. Read More
AfDB: Ghana power network to be reinforcedThe Board of Directors of the African Development Bank (AfDB) Group has approved a US $30.47 million grant and a US $43.9 million loan to the Republic of Ghana to reinforce and extend the country’s electricity distribution network. Read More
AfDB affirms support of Power AfricaThe African Development Bank (AfDB) is planning to deepen its engagement in Power Africa in 2014. Read More
M-KOPA Solar targets 1m homes by 2018M-KOPA Solar has closed its most recent round of funding, raising Ksh 1.72 billion to fund expansion of its customer base from 50,000 homes to one million homes by 2018. Read More
GE gives $1m to children’s fundGE has donated $1 million to the Nelson Mandela Children’s Fund. Read More
Demand for energy independence opens opportunities in gas turbine marketSubstantial growth in energy demand and policy changes to decrease gas flaring are driving new power plants installation in Africa and fuelling the uptake of gas turbines, says Frost & Sullivan. Read More
Mobile libraries to take multimedia facilities to Angola’s youthAngola is launching a new network of mobile multimedia libraries, to take ICT access to underserved areas. Read More
More productive jobs for youth vital for Africa’s developmentCreating millions of productive, well-paying jobs will be vital to boost economic growth in Africa, according to a new World Bank report on youth employment in Africa. Read More
Safaricom raises KES4m for kidsA gala dinner hosted by the Safaricom Technology Division Thursday night raised over KES4 million to go towards a dormitory for the Zabibu Centre. Read More
Alcatel-Lucent, Injaz partner on education in Morocco and EgyptAlcatel-Lucent is partnering Injaz Egypt and Injaz Al Maghrib in Morocco on youth education programmes in both countries. Read More
FEATURED STORYMACRA demystifies spectrum management
Malawi's regulator explains the issues around spectrum allocation. Gregory Gondwe reports.
BEST READ NEWS
IN DEPTHYouthConnekt launches Mobile Apps for Human Development Challenge in Rwanda
Rwanda’s Ministry of Youth and ICT and the UNDP, in close collaboration with Motorola Solutions, will power a Mobile App Challenge that will be implemented by YouthConnekt.