Africa has abundance of renewable energy resources

DEVELOPMENT

|
Image: By BiztechAfrica
Africa has abundance of renewable energy resources

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE DEVELOPMENT NEWS

Mainstream Renewable Power to build and operate Ghana’s first utility-scale wind farm

Global wind and solar company Mainstream Renewable Power today announced the signing of an agreement with Swiss wind farm developer NEK Umwelttechnik to purchase the 225 megawatt (MW) Ayitepa Wind Farm, located 40 kilometres from Accra on the east coast of Ghana.  Read More

Tigo supports MUSIGA Grand Ball

Tigo Ghana came out in support of efforts to raise funds for the Ageing Musicians Welfare Fund (AMWEF) of MUSIGA, at a ball in Accra. Read More

Heirs Holdings to ramp up power production

Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says his group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”   Read More

M-KOPA Solar, Safaricom Launch M-KOPA III

M-KOPA Solar has introduced a Safaricom-branded solar lighting system, as it steps up its campaign to provide clean lighting solutions to millions of homes that are not on the electricity grid.  Read More

Orphaned schoolchildren benefit from e-learning

SkyVision Global Networks has announced the recent donation of its satellite connectivity solutions to further support students at Ghana’s Crossover International Academy.  Read More

Airtel DRC launches ‘Back to School’ promotion

Mobile operator Airtel has this week launched a humanitarian programme to support its cash-strapped subscribers in the Democratic Republic of Congo (DRC) to ease their worries, as the 2014-2015 school year draws near. Read More

TNM donates K1 million to Special Olympics

Mobile network service provider TNM has donated K1 million towards the organisation of Special Olympics Malawi (SOM) games taking place in Lilongwe from today. Read More

Mini Grids Summit to be staged in Nairobi

Major players in the power industry will convene in Nairobi this November to synergise the commercial potential of Mini Grids in Africa. Read More

Alex families receive Schneider Electric solar lamps

Schneider Electric, a specialist in energy management, has partnered with Rays of Hope, a non-profit organisation, providing 28 schoolchildren and their families in the northern Johannesburg township of Alexandra with an alternative to using candles and paraffin as a source of light.  Read More

FSDEA announces ‘Future Leaders of Angola’ scholarship

Fundo Soberano de Angola (FSDEA) has announced the launch of its Scholarship Program, called ‘Future Leaders of Angola’, aimed at building up the economic empowerment and capacity of a new workforce in the country. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

MFarmer SMS redefines market access for Ugandan farmersMFarmer SMS redefines market access for Ugandan farmers

Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures. 

IN DEPTH

NIG President speaks his mindNIG President speaks his mind

Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.

COMPANY NEWS

SAP innovation transforms how Governments conduct business

SAP Africa kicked off its public sector innovation roadshow in Johannesburg, to highlight how the SAP innovation solutions portfolio including, cloud and big data, supports all levels ...