CARBON CREDITS FOR SUB-SAHARAN AFRICA - lumes

Furthermore, motivation for pursuing the project in the region can beattributed to the type of project developer. As stated by another survey participant thereason for developing projects in Africa is that “this is where the greatest needs are”(PC, 2009c). It is also seen as a disadvantaged region where “there is less access [toelectricity], more restrictions and more needs” (PC, 2009c). Therefore it can beclaimed that this type of project developers are driven by the “do good” reasons.Equally the same reasons of greater need make Sub-Saharan Africa an attractivedestination for the private company’s investments for their CSR programs purposes.Additionally, selection of individual countries might relate to the previous businessconnections as in case of FACE Foundation project (PC, 2009b). Thus, this meansthat the region is attractive for project developers looking specifically for otherbenefits, but not only GHG reductions.Figure 5. Projects Distribution by Country.Source: devised by author based on own inventory.According to the survey responses the majority of the projects weredeliberately developed for the voluntary market, while only 4 projects were claimedto aim for CDM initially. As survey respondents could select more than one option or“benefit” whenexplaining theselection of VCMapproach, theresults presentedby the Figure 6 arethe share of eachoption compared tothe whole sample.The flexibility ofthe VCMmechanism, aswell as the project23