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The Post Newspapers Zambia – Latest News, Politics, Business, Sports, Photos, Videos » Business News » Third trading platform to open in Lusaka

 

ACCE and GKI in the local press regarding our carbon trading platform

Third trading platform to open in Lusaka

via The Post Newspapers Zambia – Latest News, Politics, Business, Sports, Photos, Videos » Business News » Third trading platform to open in Lusaka.

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Update on GKI’s Activities

GKI’s main focus at the moment is our SADC DNA conference which will take place in February. This conference will be a key event for CDM in Africa as it takes place soon after COP 16.  This conference will for the first time bring together DNAs from all 14 SADC countries to strategise, discuss their evolving role and plan for COP 17 in South Africa next year. More will be posted on the conference soon.

Aside from the conference we are also planning more training sessions, with one for ZIPAR completed a week ago and a new session scheduled for Ecobank. We are also pleased to have been invited to a seminar being held by Afrexim bank in Cairo at the end of the month where we will give a presentation on ACCE and GKI.

BBC Article Response: Is Kenya’s Carbon Trading Platform the First?

It is good news to hear through the BBC that there are plans to launch an exchange in Kenya, however it must be noted that it is not the first of its kind on the continent.

However, the Africa Carbon Credit Exchange (ACCE)conceived its own trading platform here in Zambia in 2008. ACCE is currently working with the support of the Zambian government, USAID PROFIT and a number of international and national partners as well as a group of international consultants to develop a transparent and effective structure.

It should also be noted that these platforms will only succeed if there is a sufficient flow of carbon credits on the continent and this is where Africa is still falling behind. ACCE has addressed this by creating the Green Knowledge Institute (theGKI) and are working on a number of carbon projects as well as a DNA conference that will help push this forward.

Whilst all Africans should be proud that Kenya is being acknowledged for such important work, the article however failed to highlight how much preparation is required to promote carbon finance in Africa where it claims less than 10% of the world market.

ACCE/GKI is currently drafting a statement that will be sent to the BBC to this effect.