A new advisory firm will focus on increasing carbon emissions trading in sub-Saharan Africa, according to a Reuters report.
CarbonStream Africa is a joint venture between Nordic company GreenStream Network Plc and South African state-owned CEF Carbon SA. The firm launched on Monday.
The global carbon-trading market is estimated at $120 billion, but relatively few projects for emissions credits are underway in Africa.
"Africa is really lagging behind, but I really believe it has the strongest potential," said Deven Pillay, CEO of CEF’s carbon trading arm and chairman of CarbonStream Africa.
Pillay told Reuters that CarbonStream Africa has a team of five experts who can advise on the Kyoto Protocol’s clean develoment mechanism (CDM), as well as on voluntary emissions markets.
In Related News…
London-based brokers CantorCO2e said yesterday it will scale back origination of clean energy projects under the Kyoto Protocol as a result of falling demand for carbon offsets.
Read the full report at the link below.
Loading...