News and Events

11.16.2006
State of the African Carbon Market: Despite Increases Africa left behind in the carbon market

Nairobi, November 16, 2006—A report on the state of the carbon market that focuses on Africa, shows that the continent that will be hardest hit by climate change is also the continent that has benefited least from the carbon market. In the first nine months of 2006, the carbon market grew to nearly $22 billion, more than doubling in value over the almost $11 billion recorded in 2005. Almost $3 billion of that was from the project-based market. But although Africa doubled its share of the project-based market, that still only represents 5.1% of the total...

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