1 / 13

CDM in Africa: Top 3 Myths & Realities

CDM in Africa: Top 3 Myths & Realities. Glenn Stuart Hodes Energy Economist, UNEP-Risoe Center. Myth #1. Africa’s CDM project potential is low. Reality. Fine theoretical potential, but risks higher (CER price compensate?) generally smaller need elbow grease

eryk
Download Presentation

CDM in Africa: Top 3 Myths & Realities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CDM in Africa: Top 3 Myths & Realities Glenn Stuart Hodes Energy Economist, UNEP-Risoe Center

  2. Myth #1 Africa’s CDM project potential is low.

  3. Reality Fine theoretical potential, but • risks higher (CER price compensate?) • generally smaller • need elbow grease • existing methodologies poorly suited to sectors and projects that characterize Africa’s best potential

  4. Myth #2 Africa is very far behind; the CDM is by-passing Africa.

  5. Host country imbalance (1)

  6. Host country imbalance (2)

  7. Reality Early days yet… • Most non-Annex I countries behind and lacking capacity • many projects in pipeline, but getting ‘stuck’ for various reasons pre-validation • some countries had ‘wait-and-see’ strategy

  8. Myth #3 No one is doing anything to promote CDM in Africa.

  9. Reality Many activities underway already but more resources and long-term view required • UNEP Risoe working in 15+ countries, in partnership with other agencies/donors

  10. Capacity Development for the CDM(CD4CDM) Activities Donor: Netherlands Ministry of Foreign Affairs $15 million, multi-year program with local partners Africa: Côte d’Ivoire, Mozambique, Uganda,Ghana, Egypt, Morocco, Tanzania, Mauritius, Algeria • Formalized approval process, regs. • Training of national experts • Promotional publications & brochures • Pipelines of CDM projects • Example: Kakira Sugar Co-gen • National CDM website • Regional Investment Forums

  11. Countries Accomplishments Carbon Finance for Sustainable Energy in AfricaDonor: United Nations Foundation, World Bank $1 million Assist with Kyoto process and set-up of national institutions for regulation and promotion of CDM projects At least 3 national stakeholders workshops, development of national action plans Pipeline of projects (8-10 per country), some already invested by CDCF or other buyers MALI CAMEROON GHANA MOZAMBIQUE ZAMBIA Example: • Félou Regional Hydropower project, will generate substantial low-cost clean power and promote energy security in Mali, Senegal, and Mauritania

  12. New UNEP Project Forestry/Bioenergy CDM in Africa • Meet short and long-term capacity needs and pilot existing and future eligible CDM projects in sector • 3 Years, simultaneous execution targeting: • Benin, Cameroon, Democratic Republic of Congo, Gabon, Madagascar, Mali, Senegal • Implementation Agencies • UNEP-DTIE / UNEP Risoe Center • Local Partners • ONF-International • CIRAD • BioCarbon Fund, other carbon buyers

  13. Conclusion UNEP is responding to call to expand cooperation under “Nairobi framework” • scale-up of Africa activities • new UNDP-UNEP partnership • new initiatives planned with UNFCCC Secretariat and World Bank

More Related