Cameroon: Carbon Market Woes Blunt Prospects for Cameroon CDM Projects

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"The Cameroon government, like other developing countries, cannot afford the resources required to encourage low-carbon and climate-resilient development, but they get support in the forestry sector, especially (from) international donor institutions like the European Union and World Bank," he said.

Officials at the ministry of forestry and wildlife also struck a positive note.

"Carbon financing from bilateral and multilateral institutions in the forestry sector constitutes the major source of funding for the fight against climate change in Cameroon," said Koulanya Koutou Danis, secretary-general at the ministry.

Officials point to the Forest Carbon Partnership Facility, a readiness fund that prepares countries in the Congo Basin and elsewhere in the developing world to receive and spend grants and other funding to protect their forests.

Cameroon's application for $1.6 billion was approved by the World Bank at the end of November.

Elias Ntungwe Ngalame is an environmental writer with Cameroon's Eden Group of newspapers.

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