In an effort to promote regional distribution of clean development mechanism projects, the United Nations Framework Convention on Climate Change (UNFCCC) secretariat and the East African Development bank (EADB) have signed a partnership agreement to increase participation in clean development mechanism (CDM) projects in the region.
"There is a great deal of untapped potential for CDM in Africa. The regional collaboration centres aim to tap the potential of carbon offset projects on the continent" said Peer Stiansen, chair of the CDM executive board.
"Our goal is to build capacity, reduce the risk for investors in such projects and help make the continent an increasingly attractive destination for CDM projects," said UNFCCC Executive Secretary Christiana Figueres after signing the agreement.
The new office in Kampala, which will be operational as of May 1, 2013, is expected to enhance capacity building in CDM projects in more than 20 countries in the region.