Africa is becoming a major market for carbon-reduction ventures, according to the International Emissions Trading Association. This despite investigations into Chinese certification and new regulations imposed by the European Union.

    “Africa is turning into a major source of premium Clean Development Mechanism projects,” Henry Derwent, chief executive officer and president of the Geneva-based group, said in the run-up to the Carbon Forum Asia conference in October.

    Africa accounts for some 3 percent of projects in the pipeline for the United Nations’ Clean Development Mechanism, which generates certified emission-reduction units for eliminating greenhouse gas emissions, Derwent said.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.