Q&A: Cancún COP16 climate talks | Environment | guardian.co.uk
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.
Yesterday was a good day for ACCE/GKI as they signed an MOU with ZIPAR. ZIPAR stands for the Zambian Institute for Policy Analysis Research, their partnership will be of great value to GKI and ACCE since part of our work will be to research carbon finance and climate change in Zambia. This kind of research is crucial since carbon projects are so new to this part of the world.
We look forward to a long and fruitful relationship.