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Increasing africa’s-share-of-the-global-carbon-trade-mitigating-population-pressures-tsuma-charo

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  • 1. Increasing Africa’s Share of the Global Carbon Trade & Mitigating Population Pressures Tsuma Charo
  • 2. What is a Carbon Exchange?What Happens at the Exchange?Participants at the Exchange
  • 3. An exchange is a marketplace in which securities, commodities,derivatives and other financial instruments are traded.The core function of an exchange - such as a stock exchange is toensure fair and orderly trading, as well as efficient dissemination ofprice information for any products traded on that exchange.Exchanges give companies, governments and other groups a platformto transact their products.An exchange may be a physical location where traders meet to conductbusiness or an electronic platform.A carbon trading exchange uniquely deals with the Carbon Creditsbusiness
  • 4. Trading of environmental commodities (Electronictrading platform)Mechanism to disseminate information on availableand proposed carbon projectsPromotion of the ConceptEducation and Training of market participantsForum to exchange views on this nascent industryInteractive forum with Governments and Agenciesformulating policy and regulating its implementationon climate issues
  • 5. Trading Members (carbon brokers) Major Sellers and Buyers Carbon Project Consultants Carbon Project Financiers Accreditation and regulatory agencies, etcParticipants will be requested to register their interest in the various categories
  • 6. Increase Kenya’s participation in Global Carbon ForumPromote Integrity and Ethics in the carbon tradePositioning Kenya as Africa’s Carbon Trade HubFill the gap in market place for environmentalderivativesIncrease Africa’s share of Clean DevelopmentMechanism revenues.
  • 7. Lack of government initiatives to support the sector Low awareness in the private sector about opportunities provided bycarbon markets Lack of human resource capacity in government and private sector High transaction costs Bureaucracy and complexity of the CDM Lack of high quality projects in the continent Non-participation of the traditional financial sector like banks, insurancecompanies and pension funds
  • 8. ACX will lobby governments through their regional economic blocslike COMESA to ensure the world gets a successor to the KyotoProtocol during the COP in Durban South Africa this year The exchange will work with governments across Africa to createawareness on the available opportunities in carbon markets and othermultilateral channels ACX will provide support to projects at early stages throughdevelopment to issuance of credits and trading The exchange has created a convergence of investment banking,stocks and carbon markets to enable project owners enjoy synergies ofthe environmental and money markets to get their projects off theground
  • 9. The ACX is accepting membership into various categorieswhich are not exclusive Sellers of credits Buyers of credits Spots or futures Service Providers Executive Carbon Training Courses
  • 10. Private Entities Business enterprises that have interest in carbon tradeGovernment entities Ministry of Forestry and Wildlife, National Environmental management Authority, Ministry of Finance, Ministry of EnergyMulti-Laterals World Bank, AfDB European Union International Emissions Trading Association Australia Carbon Exchange EU-ETS UNFCCC
  • 11. CDM/Voluntary carbon markets create a flow offinance and technology to developing countries wherepopulation pressure on resources is highestPopulation in big developing countries like will followa cleaner growth path under Kyoto ProtocolWaste lands will be reclaimed through AFOLUPopulation stressed lands will be enriched through PlanVivoREDD and A/R will reverse desertificationTransparency will create faster benefits
  • 12. Tsuma Charo CEO Africa Carbon Exchangecharo@africacarbonexchange.com 0733-385868