UN Carbon Markets Powering Green Energy Growth in Africa
But Continent Still Lagging Far Behind Asia and Latin America
Green Electricity Conference to be Held in Nairobi, 23-24 November
Nairobi, 17 November 2009 - A rising number of green energy and climate-friendly projects are up and running or being planned across Africa new figures show.
The projects, from renewable energies to tree planting, are emerging as part of the Clean Development Mechanism (CDM) of the Kyoto Protocol-the United Nation's emission reduction treaty.
Latest figures compiled by the UN Environment Programme (UNEP) indicate that a total of 112 CDM Africa projects are at 'validation, requesting registration or registered" worth a total of Euros 212 million a year.
This is up from 78 projects in 2008 and just two in 2004. Kenya's total is 14, rising from five in 2008 and zero in 2004.
While the figures are cause for optimism, they also underline how few projects are currently flowing into Africa when compared with several other parts of the world.
Globally there are over 4,730 CDM projects operating or close to approval. The lion's share is in Asia Pacific with a total of just over 3,700 projects followed by Latin America and the Caribbean with close to 820.
The news comes as the Kenya government, AFD-the French development agency and UNEP announced the Green Electricity Conference to take place in Nairobi on the 23 and 24 of November.
Experts say the new figures underline the importance of Africa's governments pressing for reform of the CDM in the days and weeks before the crucial UN climate convention meeting in Copenhagen.
They also underscore the need for governments to support smart market mechanisms in order to manage some of the special kinds of risk that might be holding back such projects in Africa.
Late last month, governments, investors and experts met in South Africa under UNEP's Finance Initiative to specifically assess ways of boosting green energy uptake on the Continent.