Supporting Energy Access with Carbon-Linked Performance Payments
The Carbon Initiative for Development (Ci-Dev) was launched in December 2011. It will build capacity and develop tools and methodologies to help the poorest countries of the world access carbon finance, mainly in the area of energy access.
It will also use emission reduction-based performance payments to support projects that use clean and efficient technologies in low-income countries.
The objectives of the Ci-Dev are:
To demonstrate that performance-based payments in the form of certified carbon emission reduction purchases can lead to successful and viable business models that promote increased private sector participation and share lessons for replication.
To influence future carbon market mechanisms so that least developed countries, especially in Sub-Saharan Africa, receive a greater and fairer share of carbon finance that results in both high development benefits and that avoid carbon emissions.
To support poor countries in developing standardized baselines and establishing "suppressed demand" accounting standards in such key areas as rural electrification, household energy access and energy efficiency.
To contribute proposals to further improve and extend the scope of the CDM for use by the poorest countries, especially for Programmes of Activities (POA).
For more information on Ci-Dev, please call our Senior Communications Officer Isabel Hagbrink at 202-458 0422 or email at email@example.com