ECREEE participates in the Side Event on ‘Harnessing Carbon Market Opportunities in Africa’, at the African Carbon Forum, Ethiopia

The fourth African Carbon Forum took place in Addis Ababa, Ethiopia, from 18–20 April 2012. The forum was a knowledge sharing event with a focus on carbon investments in Africa. It provided a platform for interested stakeholders to discuss the latest developments in the carbon market and to identify means by which the Kyoto Protocol’s Clean Development Mechanism (CDM) and other mitigation mechanisms can be successfully applied in Africa.At the Side Event ‘Harnessing Carbon Opportunity in Africa’, Mr Bah Saho, Renewable Energy Expert at ECREEE, presented the results of the Business Climate Facility (BizClim) funded study on ‘Promoting RE&EE Investment in the ECOWAS region in the context of Nationally Appropriate Mitigation Actions (NAMAs)’. The study showed that creating favourable conditions, through legal and regulatory reforms, for private investment and the utilization of innovative financing windows, such as the NAMAs, could greatly enhance the RE&EE market in Africa, thereby enabling African countries to harness the opportunities presented by the carbon market.