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Africa could cash in on future carbon markets

| Sourced From Businessday |

AFRICA is well positioned to benefit from a future carbon markets regime as least- developed countries are likely to be favoured over industrial developing giants such as China and India, the African Bankers Carbon Finance and Investment Forum heard last week .

In particular, SA, which will host international climate change negotiations next year, is well placed to ensure the continent benefits from carbon trading.

Guido Schmit-Traub , CEO of French carbon investor CDC Climat Asset Management, said there is a lack of planned activity in the carbon markets beyond 2012 when the current regulatory regime expires.

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