South Africa has benefited more than any other African nation from carbon investment facilitated by the Kyoto Protocol's Clean Development Mechanism (CDM). However, carbon market investment in South Africa has been driven primarily by the European Union's Emission Trading Scheme (EU ETS) and as this programme enters its third phase, European policy makers are floating the possibility to restrict, from entry into the EU ETS, carbon credits from all but the least developed nations (LDCs).
In a recent interview aired on CNBC Africa, Evolution Markets' head of African Markets, Brett Jordaan, and EcoMetrix's African director, Lodewijk Nell, discuss the challenges facing South Africa should the European Union restrict CDM investment to LDCs.
Brett, Lodewijk, and Andrew Gilder of IMBEWU's Climate Change and CDM legal consultancy unit also highlight the opportunities and challenges for clean energy investment using alternative market mechanisms being developed under the Kyoto Protocol in an article published today in South Africa's Business Day.
Evolution Markets is one of the leading firms facilitating investments in African carbon credit projects under the CDM or voluntary carbon standard programs. For more information on African carbon projects or how to access global carbon markets, please contact Brett Jordaan at: +44 (0)20 7264 4550.