Good news for African Forest Carbon initiatives

After lagging behind Asia and Latin America, Africa can finally boast of its first large-scale forestry project to be registered under the Clean Development Mechanism of the Kyoto Protocol. The Humbo Assisted Natural Regeneration Project, developed by the international development agency World Vision in partnership with the World Bank, will bring both economic and social benefits to poor communities in Ethiopia as well as environmental benefits as the project will cut an estimated 880,000 metric tonnes of carbon dioxide from the atmosphere over the next 30 years. Read more... Africa’s First Large-Scale Forestry Project Under the Kyoto Protocol / Premier projet forestier de grande ampleur de l'Afrique dans le cadre du Protocole de Kyoto Meanwhile, Standard Bank, the United Nations Environment Programme and the German Government's International Climate Initiative, have jointly launched the Africa Carbon Asset Development (ACAD) Facility, which aims to assist project developers, bankers and others setting up carbon projects on the continent. ACAD supports African carbon projects through a combination of technical assistance, grants and preferential access to corporate finance and transactional guidance. Read more... Projects Selected for New Facility to Boost African Carbon Market