Why are there few Clean Development Mechanism Investments in Africa? : A study of private actor's involvement in global climate governance

Abstract: The study is set to assess private actors participation in the global climate governance through the Clean Development Mechanism (CDM) adopted during the Kyoto Climate Conference of 1997 in Japan. The general aim of this thesis is to understand why there are so few CDM projects in Sub Saharan Africa (SSA). The study is based on literature review of selected academic and policy documents, statistical analysis of CDM project distribution, and a questionnaire distributed to four respondents that include Tricorona, EcoSecurities, Vattenfall and Swedish Energy Agency to acquire relevant data. The data was analyzed by using descriptive statistics and the CDM project pipeline. The main conclusions of the study are: (1) the Kyoto Protocol did not place a binding commitment on industrialized countries as to how they should channel CDM investment in developing countries and; (2) the market incentive placed within the CDM did not take into consideration the historical and socioeconomic issues of poverty, poor infrastructural and institutional problems of Sub Saharan African countries in order to avoid the unequal distribution of projects. The study concludes with the recommendation that the post-2012 CDM era should create a new framework that will assist Sub Saharan African Countries in developing alternative energy, and in promoting green technology. The thesis equally recommends that the market mechanism should be enforced by a new political mechanism that will help to promote good governance, as well as upgrade the existing political institutions and infrastructural development in SSA.