The Ministry of Environment Climate Change & NR has signed an MOU between David Salama & Associates S.A. an international consulting firm that intends to conduct an assessment of the Carbon Credit study in The Gambia in collaboration with SAFA INTERNATIONAL HOLDING, a Gambian accompany and its local Partner.
The signing ceremony was attended by the Permanent Secretary at the Ministry of Environment, Mr Momodou Mbye Jabang between David Salama & Associates S.A. and its Local Gambian Partner Safa International Holding Limited and MECCNAR for the quantification, verification and accreditation of potential carbon credits.
The delegation was headed by His Excellency Ambassador Moses Benjamin Jallow., Ambassador-at-Large for Trade and Investment. The purpose of the study is to boost the infrastructure and the Natural Resources sector. The Swiss Company and their local partner in The Gambia will provide funding for a holistic study to assess the volume of carbon credits potential for the Gambia. Following the assessment, they will also support the Gambia to look for potential buyers of the accredited carbon credits.
The Potential approach of Carbon Trading in Africa especially the Gambia. Carbon Trading in West Africa has been a potential market following the first sale of carbon credits involving West African countries.
A recent study indicates that Carbon Credits have potential in future markets of West Africa. Local businesses are now beginning to understand opportunities that can arise from actions that address climate change.
The Government of The Gambia is currently developing an energy-efficient strategy for The Gambia which will include a traditional system combined with the modern energy system to meet the country's modern energy needs both traditional and modern energy systems