The African Carbon Forum is a trade fair and knowledge-sharing event to promote carbon investments in Africa. People from government, nongovernmental organizations, the private sector, UN agencies, and the World Bank attended the 2010 Forum which took place March 3-5, 2010 in Nairobi, Kenya. The Forum, which showcases Clean Development Mechanism (CDM) projects, is a place where deals can be made and ideas shared among carbon buyers, investors, and people selling ideas and solutions for reducing carbon emissions.
The World Bank played a pioneering role a decade ago in the creation of the carbon market when it set up carbon funds that purchase carbon credits from projects that reduce greenhouse gases in developing countries. Today, it is the Trustee of eleven Carbon Funds and Facilities that use over $2.5 billion, contributed by governments and private companies, to promote carbon mitigation projects.
Carbon Finance Assist is a World Bank Institute capacity development program. Together with several UN organizations and the International Emissions Trading Association (IETA), Carbon Finance Assist was one of the co-organizers of the event.
Listen to participants at the Africa Carbon Forum speaking about the importance of carbon finance in Africa, private sector involvement, CDM project development, and how young people can get involved.