Pre-selection of three African projects for funding under the Joint Crediting Mechanism

January 25th, 2016 - Carbon African support leads to further flows of climate finance into the Eastern Africa region with 3 African projects being pre-selected to receive funding, from the Japanese government, through the Joint Crediting Mechanism. Two of the projects, a 6 MW small hydropower and a 991 kWp solar PV project, are located in Kenya while the third project, a Combined Heat and Power (CHP) system is located in Ethiopia. Pacific Consultants Co. Ltd is the project consortium leader on the Japanese side.

Selection of these project marks a major milestone for the bilateral carbon offset scheme in Africa since Ethiopia and Kenya – the only two participating countries on the continent – signed up to the JCM in 2013. The scheme brings together efforts to reduce GHG emissions and promote high quality low carbon technology in developing countries. From 2012, Carbon Africa, through its technical and regional expertise, has played an advisory role in project identification and provision of market intelligence to Japanese consultants working under the JCM, culminating in the successful pre-selection of the three projects in January 2016.