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The “Future of the Carbon Market” foundation

As of: September 2020

Objective and activities

Some difficulties were encountered in the implementation of the programmatic climate protection measures introduced under the Clean Development Mechanism (CDM ). These issues were mainly due to existing risks such as regulatory gaps and price fluctuations. The foundation therefore provides start-up financing that enables the introduction of market-based, programmatic climate protection measures, aimed at demonstrating the measures’ feasibility and economic viability. This in turn creates incentives for private investors. The foundation was established by the KfW Development Bank and the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). In addition to supporting individual projects, it also aims to stimulate a broad portfolio of overarching climate protection programmes and contribute to creating a corresponding experience base. It cooperates with banks and financial institutions in a targeted manner.

State of implementation/results

  • The project developed standardised baselines (SBLs) that can identify emission reductions in a subsector of a region with fewer efforts.
  • In addition, the Thailand Greenhouse Gas Management Organization (TGO) was advised on setting up a national Thai emissions trading scheme.
  • The foundation also supported some CDM PoAs via start-up financing and thereby supported their registration at the UNFCCC Secretariat. This backed the preparation of programmatic approaches for sustainable cook stoves in Zambia, biogas plants in Kenya and Tanzania, use of renewable biomass in efficient cookers in Senegal and sustainable drinking water treatment in Rwanda and Uganda. - To increase awareness, the Foundation participated in various international conferences (see project website: www.carbonmarket-foundation.org).

Project data

Country:
worldwide

Implementing organisation:
KfW Entwicklungsbank

Partner institution(s):
  • Diverse climate change relevant institutions in the respective partner countries/Diverse klimarelevante Institutionen in den entsprechenden Partnerländern
  • Diverse partner institutions (governmental institutions and non-governmental organisations)

BMU grant:
10.000.000,00 €

Duration:
since  11/2011


Website(s):



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