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Entrepreneurship and innovation in development finance institutions for promoting the clean development mechanism in Africa

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  • Mandla Sv Gantsho
  • Patrick Karani

Abstract

This article demonstrates how entrepreneurship and innovation can help promote the clean development mechanism in Africa through development finance institutions. If DFIs do not have sufficient knowledge of how to enhance entrepreneurship and innovation they will have only a limited impact in promoting innovative financial instruments for achieving environmental benefits. Supporting innovation and entrepreneurship will enable DFIs to create opportunities for adaptive learning and creativity, to adjust to emerging CDM innovative financial instruments and to play a key role in promoting CDM in Africa. It will make DFIs more knowledge based and enhance their ability to provide monetary incentives through their project financing activities, to encourage and facilitate partnerships to support the CDM, and to provide technical advice and support to clients for project design, planning and implementation.

Suggested Citation

  • Mandla Sv Gantsho & Patrick Karani, 2007. "Entrepreneurship and innovation in development finance institutions for promoting the clean development mechanism in Africa," Development Southern Africa, Taylor & Francis Journals, vol. 24(2), pages 335-344.
    • Handle: RePEc:taf:deveza:v:24:y:2007:i:2:p:335-344
    DOI: 10.1080/03768350701327269
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    1. Thomas Sterner (ed.), 1999. "The Market and the Environment," Books, Edward Elgar Publishing, number 1567.
    2. Franck Lecocq & Karan Capoor, "undated". "State and Trends of the Carbon Market 2003," World Bank Publications - Reports 13416, The World Bank Group.
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    Cited by:

    1. Thurner, Thomas W. & Varughese, Arun, 2013. "Experiences of project developers around CDM projects in South Africa," Energy Policy, Elsevier, vol. 61(C), pages 1271-1275.
    2. Baffoe, Gideon, 2019. "Exploring the utility of Analytic Hierarchy Process (AHP) in ranking livelihood activities for effective and sustainable rural development interventions in developing countries," Evaluation and Program Planning, Elsevier, vol. 72(C), pages 197-204.

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