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Foundation "Future of the Carbon Market"

As of: December 2019

Objective and activities

The Foundation "Future of the Carbon Market" promotes the use of Programmes of Activities (PoAs), primarily in Least Developed Countries (LDCs). PoAs are programmes carried out under the Clean Development Mechanism (CDM). Funding from the International Climate Initiative flows into the foundation, which supports the programmes during their early stages. The aim is to demonstrate their feasibility and cost-effectiveness, thus creating incentives for private investors. The start-up funding can help to facilitate the sale of climate-friendly technologies or develop a monitoring system. In addition to funding individual programmes, the foundation aims to promote a broad range of PoAs and help to gather relevant experience to serve as a basis for future programmes. This involves targeted cooperation with banks and financial institutions.

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

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

Duration:
since 11/2011

Website(s):