Market
Study of Nigerian & South African Carbon Markets
Client:
International Finance
Corporation (IFC, World Bank Group)
Sector:
Climate
Change
Location:
Nigeria,
South Africa
Byrne Ó Cléirigh was appointed by the
International Finance Corporation (IFC) (part of the World Bank
Group) to undertake a market study to investigate the
feasibility of enabling banks within
Nigeria
and
South Africa
to play the role of accumulators of their clients' Carbon
credits into larger bundles that would be attractive to buyers
via Clean Development Mechanism (CDM) and/or Voluntary Emissions
Reductions (VER) schemes.
This
project involved:
Identification
of Carbon-rich businesses from a diverse range of industrial sectors
in Nigeria and South Africa;
Assessment
of their potential to generate Carbon credits through the
implementation of greenhouse gas abatement projects;
Assessment
of the capacity of the banks in these countries to act as accumulators
of Carbon credits and the risks that they perceive in engaging in such
ventures;
Assessment
of the potential for the IFC to provide trade guarantees for these
Carbon credits.
Byrne
Ó Cléirigh is undertook this assignment in 2006.
