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New Initiative to Reduce Time-to-Market for Carbon Market Projects in Southern Africa
Gaborone (Botswana), 17 August 2012: The United Nations Environment Programme (UNEP) today unveiled a new standardized baseline* for the Southern Africa region's electric power grid - a major step forward in efforts to boost access to climate-friendly investment in Africa that will reduce, by an estimated six months, the time it takes for carbon market projects to reach the market. The new emission factor, which encompasses all grid-connected utilities operating within the Southern African Power Pool (SAPP), would serve as a ready-made benchmark against which the Greenhouse Gas (GHG) impact of future sectoral investments in the region can be measured.
Story Source Link: http://unep.org/newscentre/Default.aspx?DocumentID=2692&ArticleID=9255&l=en