Africa DNA Resource Centre

Africa Carbon Credit Exchange (ACCE) has established the Green Knowledge Institute (GKI) as a center of knowledge to help with the development of the African carbon market. GKI acts as an awareness building block through sharing of knowledge and networking to ultimately generate low carbon project promoters across the African DNAs, private sectors, asset owners, government and non-governmental organizations. This institute serves as a central point for information, for retooling of skills, development of appropriate carbon methodologies in Africa as well as addressing key issues that may be hindering carbon market development. Moreover, the GKI offers awareness, sensitization and capacity building activities for government and non-government organizations; it also serves as a bureau that connects required technical expertise to carbon offset projects and undertakes carbon disclosure campaigns.

 

The Kyoto Protocol have put a framework in place to reduce industrialized countries green house gas emissions, through the introduction of market-based mechanisms.

 

The Clean Development Mechanism (CDM) gives emission-reduction projects in developing countries certified emission reduction (CER) credits, one CER is equivalent to one tonne of CO2 .CERs can be bought by industrialized countries to compensate for their emissions. For a project to be considered as a CDM project it must be approved by the Designated National Authorities (DNA).

 

The designation of a national authority for the CDM in a country is a requirement for its participation in the mechanism. The main task of the DNA is to assess potential CDM projects, to determine whether they will help the country in reaching its sustainable development goals. Since the DNA’s focal point is on the approval process for potential CDM projects, it is crucial that they are constantly informed and updated on climate change issues. African countries have the most potential to reduce green house gas emissions.

 

ACCE would be facilitating developing countries to alleviate their economic crisis by addressing issues and offering support as the GKI intends to train African DNAs on climate change issues, share knowledge on implementing projects and discuss ways in which they may increase their support to project developers. An increase in the amount of CDM projects will be expected and ultimately increase Africa’s chances of an increase in sustainable economic development.