Global Offset Experts: UN says the EU’ offset ban will boost demand for African carbon projects.

Jan. 27, 2011 - PRLog -- Africa may soon be in the spotlight for new CDM projects, Global Offset Experts was informed recently.

“The huge new demand as a result of removing industrial gas credits from the supply will increase the attractiveness of CDMs in Africa,” public information officer for the United Nations Framework Convention on Climate Change, David Abbass told Global Offset Experts in Johannesburg. This means “Africa is of growing interest to carbon market investors.”

The EU will, as of April 30 2013, ban CERs originating from big industrial projects which are responsible for the destruction of potent greenhouse gasses called hydroflourocarbon-23 (HFC-23) and nitrous oxide. Two thirds of carbon credits currently issued under the UN’s CDM come from industrial gas projects in China, India, South Korea and Brazil, Global Offset Experts was informed by the UNFCCC.


“The HFC-23 ban should realign focus on channelling efforts elsewhere,” Paul Curnow, a partner at Baker & McKenzie, said during his address to the Carbon Markets & Climate Finance Africa conference held in South Africa recently.

Market analysts are expecting the ban to increase demand and dramatically drive up carbon credit prices. “If the supply starts to get generated from Africa, the demand will be there, certainly from Europe,” he said.


There are at present only 25 CDM projects registered in Africa, with two thirds of those being in South Africa according to the United Nations Development Program, and according to Abbass the potential exists for as many as 3,200 clean energy projects.

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