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Climate: a carbon market for sustainable growth in Africa

2021-03-02T17:49:27.419Z

The pan-African infrastructure operator Arise is joining forces with the French Area which negotiates green permits.



The objective is to contribute to more sustainable growth in Africa by minimizing the impact on the environment.

This is the challenge of the merger between Arise IS, a pan-African infrastructure operator with a strong presence in West Africa, and Aera Group, a leading French company on the continent in the production and trading of emission reduction certificates of CO2.

Arise IS has just acquired 35% of the capital of Aera.

The fact is not well known, but Africa also has a carbon market which enhances the environmental efforts of companies.

Aera is responsible for producing international certificates - via the three existing standards, including a UN label - for green projects in renewable energies, energy efficiency, waste treatment or the protection of biodiversity.

In exchange for the certificates, Aera generates cash, depending on the number of tonnes of CO2 reduced, which will finance green projects.

And he resells these certificates to financial intermediaries or

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Source: lefigaro

All news articles on 2021-03-02

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