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Foundation "Future of the Carbon Market"

As of: November 2018

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

  • "MRV Manual for CDM Programme of Activities" published and presented at a side event during COP 19
  • The project developed standardised baselines (SBLs) that can identify emission reductions in a subsector of a region with fewer efforts. Through the use of standard factors for input parameters and climate-friendly technology the administrative costs of CDM PoAs are considerably reduced. This is profitable for charcoal production in Senegal, for example, where the environmental integrity of the projects is not endangered. Many other partners have announced their interest in similar SBL in their countries, as well as further mechanisms on the carbon market.
  • 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, fuel switch from charcoal to wood chips in Senegal and sustainable water treatment for schools in Ruanda and Uganada.

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

Duration:
since 11/2011

Website(s):



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