Event
First Climate at UNEP FI Global Roundtable
Location: Cape Town, South Africa
On 21 October, UNEP offered a training session for financial institutions about "Seizing Climate Change Opportunities in Africa". Jointly with Geoff Sinclair from Standard Bank, Nikolaus Schultze led Module 2 about "Green House Gas abatement and carbon finance: opportunities in Africa", which addressed
Understanding carbon reduction projects
- Developing a technically credible CDM and offset asset creation project
- Investment analysis of emission reduction projects
- Carbon markets: pricing trends, factors influencing carbon credit pricing
- Carbon contracts and Emissions Reduction Purchase Agreements (ERPAs)
- Key risks in a CDM project
- Financing CDM projects
Strategies to maximize value from carbon reduction projects
- Role of the public and the private sector in CDM financing
- Mainstreaming carbon finance into Banking and Finance
- Messages to policy makers and project developers
On 22 October, 11:40 - 13:00, Nikolaus moderated the work shop "Africa and the CDM - Finding the Lost Treasure".
For the past 12 years, the Clean Development Mechanism (CDM) have been successfully utilized to attract environmentally sound investment into emerging markets and developing countries. However, it has encountered unique difficulties when placed within the African context; while climate change mitigation projects under CDM have thrived in some parts of the world, Africa, especially its sub-Saharan regions, has only seen marginal carbon credit generation and finance attraction. Building on the UNEP FI project looking at the African CDM, this workshop will examine the combination of financial, institutional, physical and political constraints the CDM has encountered in these regions. It will then seek to offer solutions to these challenges, and ultimately, aim to demonstrate the tremendous possibilities of CDM investment (as well as other potential UNFCCC mitigation mechanisms, such as NAMAs) in sub-Sahara Africa – both in terms of much needed revenue generation as well climate change mitigation.
For more information visit UNEP FI Global Roundtable
