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Carbon forum holds in Kenya next March

In an effort to build on growing interest in the Clean Development Mechanism (CDM) in Africa, partner UN agencies and the International Emissions Trading Association (IETA) have announced they will organize a second all-Africa Carbon Forum at the United Nations Gigiri complex in Nairobi, Kenya, on 3–5 March 2010.

In November 2006, then Secretary-General Kofi Annan launched the Nairobi Framework, aimed at spreading the benefits of the CDM. Since then, interest in the mechanism in Africa has grown, and with it the number of projects and hosting countries. Still, Africa accounts for less than 2% of the more than 1,900 CDM projects registered to date in 58 countries.

The Clean Development Mechanism – a clear success of the Protocol – continues to create incentive for investment in climate change mitigation and generate funds for adaptation. That the private sector is anxious to see another carbon market event in Africa is a good indication of CDM’s potential on the continent. The first all-Africa Carbon Forum was held in Dakar, Senegal, in September 2008.