December 2013 - A new JIKO Policy Paper analyses the current status of the African carbon market: Africa and particularly African Least Developed Countries (LDCs) have traditionally lagged behind other regions as host countries of CDM project activities. The regional unbalance has been recognized by the UNFCCC and several measures have been undertaken to support project development in the region. In addition, the largest market for Certified Emission Reductions (CERs), the European Union Emissions Trading Scheme (EU ETS), put the emphasis of post-2012 CDM activities on LDCs, most of which are located in Africa.
The paper first undertakes a quantitative analysis of the African CDM pipeline and then looks at the current status of support measures for the CDM in Africa. Subsequently, the paper sheds some light on the buyer’s perspective and findings from a quantitative analysis and telephone interviews with representatives of different buyer organisations active on the African carbon market are presented.