AFRICAN CARBON ASSET DEVELOPMENT SYSTEM LAUNCHED
March 1st, 2010
BY KEITH NUTHALL
AN INTERNATIONAL fund for backing carbon-reduction projects in Africa has been launched by the UN Environment Programme (UNEP), South Africa's Standard Bank and the German government. The Africa Carbon Asset Development (ACAD) Facility will fund technical assistance, investment advice and development grants, while helping carbon projects secure preferential access to corporate finance. *ACAD@standardbank.co.za
ENDS
AN INTERNATIONAL fund for backing carbon-reduction projects in Africa has been launched by the UN Environment Programme (UNEP), South Africa's Standard Bank and the German government. The Africa Carbon Asset Development (ACAD) Facility will fund technical assistance, investment advice and development grants, while helping carbon projects secure preferential access to corporate finance. *ACAD@standardbank.co.za
ENDS
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