Carbon trade firm expands into Africa

EcoSecurities, a firm active in trading carbon credits from greenhouse gas emission reduction projects, announced it is expanding its operations in Africa.

The firm said since January it has firmed up contracts to develop projects in Africa with the potential to generate 12 million carbon credits under the United Nations-authorized Clean Development Mechanism (CDM) program. The agreements bring the total volume of EcoSecurities’ African portfolio to more than 15 million credits.

EcoSecurities’ portfolio employs a variety of emission reduction technologies including hydropower, bio-ethanol, natural gas power, and solar water heaters.

In South Africa, the firm is involved in developing nearly one-fourth of the projects currently listed by the South African Designated National Authority. It said it also has signed projects representing 7 million carbon credits in East and West Africa.

EcoSecurities has opened an office in Johannesburg and has representatives in Kenya, Swaziland, Zambia, Mozambique, Ghana, Nigeria, Tunisia, and Morocco.

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