News

UNEP Reports on Climate Finance Activities in ACP Countries

UNEP29 May 2012: The UN Environment Programme (UNEP) Risoe Centre has released the May issue of its Update on carbon finance activities undertaken under the “Capacity Building related to Multilateral Environmental Agreements in African, Caribbean and Pacific (ACP) Countries Project.” Activities highlighted include: the redefinition of the institutional framework for the Clean Development Mechanism (CDM) in Cuba; and an update on activities in the Pacific region.

According to UNEP, Cuba has successfully created a CDM Technical Office, which is providing support to the Designated National Authority (DNA) in the management of the CDM project lifecycle. In addition, a legal framework for the implementation of CDM projects has been developed.

On ACP-MEA activities in the Pacific region, UNEP reports on support to Fiji, Vanuatu, Samoa, Tonga, Solomon Islands, and Papua New Guinea in overcoming barriers to full participation in international carbon markets. Under the project, local stakeholder engagement on CDM has been strengthened in Vanuatu and Fiji, through a series of in-country capacity building workshops. In addition, capacity for operationalization of host country DNAs have been improved through the development of CDM investor guides.

On the African region, the Update highlights: that Cote d'Ivoire's DNA won the best communicator of the year award for the African region; and Botswana's efforts towards registering CDM projects and raise funds before end of 2012. [Publication: UNEP Carbon Finance Update May 2012]