Africa To Reap from CDM Projects .
By Charles Ogallo in Doha, Qatar.
The time has
come for Africa to reap the fruits of Clean Development Mechanism commonly known
as CDM under the Kyoto Protocol, an international legally binding agreement.
Among new
investment initiatives aimed at tackling climate change as well as reducing greenhouse
gases emissions globally , CDM has
proved to be helpful in promoting sustainable development among communities
facing the extremes of this global phenomenon especially in developing nations.
Geothermal Power Project in Kenya. |
Addressing a group of African
Radio Journalists at the UN Climate Change Conference in Doha Qatar, Mr Conor
Barry an expert with the United Nations Framework Convention on Climate Change
said the CDM loan scheme was introduced by UNFCCC with an aim of
financing CDM projects implementations and will be implemented in partnership
with UNEP RISQ Center and UNOPS.
Mr Barry announced that loan
worth $3 million have already been approved and that 69% of applications for loans
have come from projects in African countries, most (66%) of them were for small
scale community friendly projects.
The types of projects include: EE
household (lightning) (stoves), EE Service (water purification), Geothermal, Hydro,
Landfill gas (Landfill flaring), Methane avoidance (domestic manure) (waste
waster), Solar PV and Transport.
Wind Power Plant At Ngong , Kenya |
These projects
are Safe Water Access project in Rwanda, Cable Propelled Transit project in
Nigeria, Water Purification project in Tanzania, Biogas production project in
Sudan and Waste to energy production project in Kenya.
Africa has
14 percent in regional distribution which is the highest number of applications
with Kenya having one one application for Waste handling and disposal project
in Nairobi at a cost of US dollars 417, 500, Asia and Middle East 5 percent
while Carribean has only one percent.
According to
CDM executive Board annual report released a head of the COP18 held in Doha
Qatar, these and other initiatives have sought to remove barriers to
participation in CDM and have benefited from cooperation with stakeholder
groups and partner agencies, under the banner of the Nairobi Framework.
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