A Glance at Carbon Finance

The main objective of Clean Development Mechanism (CDM) is to promote sustainable development in developing countries and to allow industrialized countries to earn emissions credits from their investments in emission-reducing projects in developing countries. A particular CDM project cycle involves a wide range of transaction costs which may include the following: Project identification and selection: Costs incurred by project developers and potential investors in identifying prospective projects. Project development and baseline determination: Information costs related to the preparation of a project concept note providing relevant information on project baseline, expected additional emission reductions and corresponding costs. Project validation: The process of independent … Continue reading

African Development Bank and Renewable Energy

Africa has huge renewable energy potential with some of the world’s largest concentration of alternative energy resources in the form of solar, wind, hydro, and energy. Overall, 17 countries in sub-Saharan Africa are in the top-33 countries worldwide with combined reserves of solar, wind, hydro, and geothermal energy far exceeding annual consumption. Most of the sub-Saharan countries receive solar radiation in the range of 6-8 kWh/m2/day, which counts among the highest amounts of solar radiation in the world. Until now, only a small fraction of Africa’s vast renewable energy potential has been tapped.  The renewable energy resources have the potential … Continue reading

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