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

Search News

comments powered by Disqus

MORE DEVELOPMENT NEWS

Evolve with STEM initiative reaches central and Brong Ahafo regions

Airtel Ghana’s corporate social responsibility initiative Evolve With STEM (EWS) has reached some public schools in the Central and Brong Ahafo Regions of the country. Read More

Safaricom Foundation commits Sh36million to free medical camps

More Kenyans are set to benefit from free medical services after Safaricom Foundation increased its funding towards the initiative to Sh36million. Read More

Social Entrepreneurs provide sustainable solutions for Africa's development priorities - Report

Is social entrepreneurship the new face of development? A recent impact report released by Reach for Change suggests it might be. Read More

Dimension Data, Cisco to protect rhino by tracking people

In a bid to reduce rhino poaching in South Africa, Dimension Data and Cisco will leverage technology to proactively intervene and stop people entering game reserves illegally. Read More

Global partnership launches programme to save children affected by HIV in Lesotho

Mobile technology will be harnessed to help Lesotho combat the impact of HIV in a new global partnership programme. Read More

Rockefeller Foundation funds nonprofit bringing online business course to Africa

In May, the Center for Global Enterprise (CGE) will offer a unique online course designed to provide practical management expertise in emerging platform business models opening up new opportunities across Africa and the global economy. Read More

Ethiopia gearing up to transform education through technology

Microsoft and the Ministry of Education in Ethiopia are coming together to transform education, further innovation and develop employability. Read More

Next Einstein Forum launches global call for a new era in science and technology in Africa

The Next Einstein Forum has launched a global call for support for Africa’s scientific and technological emergence.  Read More

MTN Ghana rewards Heroes of Change for their selfless acts

Madam Paulina Opei, Founder of “Save our Lives Orphanage” and a trained nurse was crowned the overall winner of the MTN Heroes of Change Season II at the Accra International Conference Centre.  Read More

Egypt to launch digital hub to help Africa better track and control disease outbreaks

A new African Health Data and Disease Control Hub will serve as a data, information and communication portal for African citizens, governments and institutions. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks

FEATURED STORY

Government should encourage youths in ICT earlyGovernment should encourage youths in ICT early

Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Enhancing your security posture to fight new ransomware threats

Petya ransomware is proving to be one of the top cybersecurity stories of 2016. 

Arbor stops malware in its tracks

There is always a substantial amount of banking trojan activity taking place, however, recent developments have intensified the threat landscape.