A sustainable development capital platform is on the cards for Africa to focus on Sustainable Development Companies, carbon offsets and Environmental ad Sustainable Development Funds.
Africa may see the launch of likely the worlds first specialist exchange focusing on Sustainable Development Companies, Carbon Offsets and Environmental & Sustainable Development Funds. The Exchange is slated for a first quarter 2013 opening while the carbon offsets business has already started work on establishing mechanisms to oversee the issuance of voluntary offsets.
The Africa Climate Bourse model was developed after considerations were made regards the lack of Carbon markets development in Africa. In many instances acquiring expertise is an expensive process and many potential projects fail to see the light of day as a result.
The Africa Climate Bourse will provide opportunities which will allow projects to go through the same international quality validation and verification standards but at lower costs and concessions made for projects with values falling below set thresholds. This can be reflected in cases were the projects are community run and there is no adequate financing for the processes.
The Stock Exchange will likely start operating 'OTC' to raise interest and map out investor interest. Projects that will be allowed to list must have a socio economic benefit to the communities in which they operate. It is thus expecting to quote Renewable Energy firms, Recycling Companies, Wastewater firms, Microfinance houses to mention a few.
The ACB is led by a team of Finance and Environmental experts. Official platform launch and opening to EOIs is expected in Mid-November 2012.
It is an exciting project and will no doubt spur African Sustainable Development and Environmental Finance.