Africa To Get Sustainable And Environmental Development Capital Platform
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.
Johannesburg (I-Newswire) October 24, 2012 - 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.
About Africa Climate Bourse Ltd.
Africa Climate Bourse Ltd.
P.O. Box 9056
Phone : +442080430471
Published On:October 24, 2012
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Skytech Solar and California Rainguard Offers 50% Off a New Roof When Solar Panels Are Installed
Party Rental Direct Introducing Inflatable Party Rental Service Company in Texas
The Travis Perkins Group Saves North West Community Projects More Than £20,000 in 2012
“Greene Going Green: An Extreme Home Makeover”
More Than 200 Years To Hit 2020 Targets, According To Latest Decc Statistics On Green Deal