FinSoul: African Carbon Credit Exchange to be launched in Zambia by June.

Jan. 21, 2010 - PRLog -- FinSoul has learned of recent reports indicating that the African country of Zambia is shortly to launch its third trading platform, a carbon credit trading exchange that aims to facilitate funds for the development of environment protection and climate change mitigation projects.

The African Carbon Credit Exchange (ACCE) will be situated in the Zambian capital of Lusaka with broking offices across the continent aimed at facilitating the new carbon trading exchange.

FinSoul believes the Lloyds Financials CEO and AACE chairperson recently told reporters that the carbon trading exchange would prove a vehicle for generating economic growth and development.  


“It will provide access to finance and access to knowledge and the trading platform will be transparent and regulated on which buyers and sellers of credible compliance and voluntary carbon credits generated in Africa will be matched while the low carbon Africa fund will provide innovative financial solutions to unlock various projects relating to cleaner technologies,” said the Chairman.

“The outlook for this project is positive since several companies are willing to use this facility. So far we have received funding and technical support from the USAID profit project and together with partners from the UK and South Africa, we shall be launching operations by June 2010,” FinSoul believes he added.

The acting CEO for the AACE said that this would provide institutions an opportunity to generate extra income through carbon credit trading.  


“For instance, in steel manufacturing a company can have two options whether to invest in new technology and reduce emissions that can be captured and sold as carbon credits or continue being emitters with old technology, actually what is captured when emissions are reduced is what will be traded at ACCE and this will help companies to make additional incomes,” FinSoul understands the CEO explained.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.