Events & Workshops

To date the Clean Development Mechanism has failed to deliver for Africa. Only some 2 percent of all CDM projects originate from Africa, and virtually no projects have been launched in tropical sub-Saharan Africa. Yet, according to a recent World Bank estimate, Africa’s technical potential for CDM projects could be as high as 570m t CO2e per year, which in turn might translate into funding of up to €5bn per year. The need to make the CDM work in Africa is frequently voiced by governments and market participants, but progress to date has been slow. Clearly, the rules of the CDM need to evolve – particularly with regards to including emission reduction from agriculture, forestry and land-use – if Africa is to benefit fully. But more can a...