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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

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CDM in Africa: Top 3 Myths & Realities

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  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

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