DEFRA is backing the plans to boost sustainable development and carbon market investment in Africa via the new African Springboard.

Announced by environment secretary, Hilary Benn, the scheme is a partnership between UK Government and British-based financial firms. It will launch in January as a profit-making company that will instigate clean development mechanism (CDM) projects in sub-Saharan countries that have as yet to benefit from the carbon investment market.

The UK government has pledged 拢100,000 in start up costs as well as in-kind support and local liaison help to the springboard, which will focus on projects that suit local conditions. This will maximise the value from the carbon market to the host countries and generate a predicted 拢1 million in CDM investment in the first year.

This CDM will permit industrialised countries to invest in sustainable development projects in the African nations that reduce greenhouse gas emissions, and thereby generate tradable emission credits.

The springboard will allocate projects to buyers through a transparent process that maximises the returns to the community hosting the project. It will also help establish CDM methodologies that are applicable and appropriate to local circumstances and provide demonstration projects, including bringing them to project registration stage.

Source

黑洞社区 Sustainable Design