UNFCCC Outlines CDM Financing and Support Opportunities in Africa

18 July 2012: The UNFCCC Secretariat has published a summary of key financing and support opportunities available to Clean Development Mechanism (CDM) projects in Africa, titled “CDM in Africa - Finance and Support.”

The document highlights the Nairobi Framework, which was established to achieve a more equitable regional distribution of CDM projects and ensure that less developed regions can enjoy the benefits of the CDM. It then outlines some of the support programmes available for CDM projects in Africa, including: the UNFCCC loan scheme for countries with fewer than ten registered projects; the Africa Carbon Asset Development initiative; the Carbon Fund for Africa; the African Biofuels and Renewable Energy Fund; the UN Development Programme (UNDP)'s Millennium Development Goals (MDGs) Carbon Facility; various World Bank carbon funds and initiatives; and various national programmes for the purchase of Certified Emission Reductions (CERs), such as Germany's KfW Carbon Fund. [Publication: CDM in Africa - Finance and Support]