The third Africa Carbon Forum is set to take place at the Palais des Congrès in Marrakesh, Morocco, on July-4–6, 2011, featuring trade fair and knowledge sharing platform for Carbon Investment in Africa.
Designed to spur investment in emission reduction projects and help countries capitalize on the development benefits of the Clean Development Mechanism (CDM) of the Kyoto Protocol, the froum which marks the 10th anniversary of the Marrakesh Accords – the adoption of the rules that govern the CDM .
It will be the place to discuss developments in the African carbon market and how the CDM can increase its mark on the continent, through, among other things, matchmaking and deal facilitation sessions where carbon project developers can showcase their projects to investors and carbon buyers.
The Africa Carbon Forum, an initiative of the Nairobi Framework partner UN agencies and the International Emissions Trading Association (IETA), will build on the growing interest in the CDM in Africa, which now hosts 61 projects in 19 countries.
The Africa Carbon Forum brings together project developers, buyers, service providers, national CDM representatives, international organizations, civil society, and various other private and public sector stakeholders.
“The event is an important part of efforts to scale up and extend the benefits of the CDM to the African continent,” said UNFCCC Executive Secretary Christiana Figueres. “Interest in CDM projects in Africa is growing. It is extremely important that we build on that interest and growth, for the good of communities and the climate.”
In November 2006, then UN Secretary-General Kofi Annan launched the Nairobi Framework, aimed at spreading the benefits of the CDM. Since then, interest in the mechanism in Africa has grown, and with it the number of projects and hosting countries.
Over a thousand participants attended the ACF in Nairobi last year. The Nairobi Framework implementing partners include United Nations Environment Programme (UNEP) and its Risoe Centre; United Nations Development Programme (UNDP), the World Bank, United Nations Institute for Training and Research (UNITAR), United Nations Conference on Trade and Development (UNCTAD), the African Development Bank, and the United Nations Framework Convention on Climate Change secretariat.