Organization Profile · Activities and Achievements · Sample Project Activity

Work and Activities

Key to the success of activities supported by PACE is to maintain their financial viability while ensuring the credibility of the credits being traded. PACE distinguishes itself from the other companies operating in this sector by:

Providing Southern African based solutions to the problems that Southern Africa will confront in the wake of climate change. Harnessing investment in climate change where it is needed most – in Africa. The benefits are not channelled to industrialised countries, thereby      overcoming the threat of industrialised countries dictating the development agenda of developing countries. Insisting on measurable and credible investment in greenhouse gas abatement – PACE will not allow investors to “buy complacency” with regards to      climate change. Offsets in PACE projects will lead to verifiable reductions in emissions. Application of transparent “gold-standard” criteria to all carbon off-set projects so as to ensure their integrity. On the ground experience and ability to ensure that CDM and carbon offset projects are locally relevant. Knowledge of local stakeholders and functional relationship with the South African DNA. Ability to link carbon offset and CDM projects with local economic development and poverty alleviation.

Achivements

In its start-up phase, PACE was responsible for generating a pipeline of CDM projects hosted in South Africa – this was part of a project funded by the UKFCO. Three projects developed by PACE, covering efficient lighting, solar water heaters and biofuels are currently included in the formal CDM pipeline of the DNA in South Africa.	"concept of Credible CarbonTM has been introduced by PACE to encourage investment in carbon-saving measures"
PACE has now devoted increased attention to the voluntary offset market and is currently preparing a website that will enable voluntary carbon offset contributions to support Credible CarbonTM projects in Southern Africa.
The concept of Credible CarbonTM has been introduced by PACE to encourage investment in carbon-saving measures that will have a positive and sustainable impact on the living conditions and economic development of people in the target project locations. This is based upon improved access to environmentally-sound energy sources, and the increased efficiency of energy use. Such projects are ‘small-scale’ in terms of carbon saving and so need the new approach provided by Credible CarbonTM to attract appropriate investment.
Following the launch of its new website, PACE will assist developers of projects for CDM and voluntary offsets, matching the projects to relevant carbon buyers.
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