TESTING PARIS AGREEMENT ARTICLE 6
Carbon Africa is part of the Climate Finance Innovators Project, a 3-year initiative backed by the International Climate Initiative (IKI) to link UNFCCC market mechanism activities and international climate finance in Africa, with a focus on Ethiopia, Senegal and Uganda. Carbon Africa leads regional capacity building in East Africa and is closely collaborating on preparations to attract climate finance in Uganda, in particular from the Green Climate Fund (GCF).
DEVELOPING CARBON ASSETS
The firm develops and manages a strong portfolio of emission reduction projects and programmes across Africa. Recent highlights under the UNFCCC CDM and the Gold Standard include the monitoring, issuance and sale of credits for a Rwandese grid-scale solar PV project and registration of an Ethiopian ethanol clean cookstove Programme of Activities (PoA) as well as preparations for carbon asset commercialization for the Lake Turkana 310 MW Wind Power Project in Kenya.
SUPPORTING CLEAN TECH VENTURES
Hands on assistance for business development and fundraising
Carbon Africa has provided advisory services to various clean technology project developers and businesses. Since 2014, Carbon Africa has been supporting an USD 60 million private equity fund with a pipeline of renewable energy projects across sub-Saharan Africa leverage climate finance opportunities. In 2017 under a USAID-backed programme, Climate Smart Agriculture businesses were identified and assisted in preparation for accessing finance. In 2018 as part of an AfDB contract, corporate development guidance was provided to a community-based organization as a shareholder of a 7.8 MW small hydro project in Kenya.
ENABLING GREEN GROWTH
Under the EU-Africa Renewable Energy Cooperation Programme (RECP – now GET.invest), Carbon Africa provided comprehensive insights on emerging renewable energy markets in Senegal, Zambia and Uganda through a series of ‘Doing Business” publications including “how do” guides, model business cases and case studies. Sub-sectors covered were solar home system (SHS) businesses, solar and hydro mini-grids, renewable energy applications in agricultural value chains and solar and biomass captive power.
SUB-SECTOR PRIMING FOR LOW CARBON INVESTMENT
In Mozambique, since 2014 Carbon Africa has been supporting the Ministry of Land, Environment and Rural Development (MITADER), the Fundo Nacional de Desenvolvimento Sustentavel (FNDS) and the national association of municipalities (ANAMM) in the development of a sustainable waste sector at the policy, programme and project levels. This resulted in a EUR 18.3 million climate finance proposal to the NAMA Facility that was successfully shortlisted for the Detailed Preparation Phase in a competitive process which involved 76 proposals from over the world.
CLIMATE FINANCE FOR SUB-SECTOR TRANSFORMATION
From 2013 to 2015, Carbon Africa assisted the Ethiopian Railway Corporation and the Ministries of Transport and Environment to prepare the railway sub- sector in Ethiopia for international climate financing. Activities focused around the Addis Ababa light rail network included needs assessment and investment analysis, plans for transit-oriented development, capacity building and preparatory work for climate finance proposals.