The CDM is a provision of United Nations Framework Convention on Climate Change (UNFCCC), a mechanism under the Kyoto Protocol, that allows rich countries to invest in clean energy projects in developing countries to make up for greenhouse gas emission. [break]
“We have been informed that the CDM board has decided to issue us Certificate Emission Reduction (CER) for reducing carbon that will reward us with around US $ 350,000,” said Krishna Gyawali, Secretary at Environment Ministry.
This is Nepal´s second Program Development Design (PDD) for the reduction of carbon emission through bio-gas approved by CDM board. Earlier, the board had certified another program that targeted reducing 31,874 ton of carbon.
Nepal submitted the first PDD of biogas in 2005 but was issued the CER only in 24 August, 2011Nepal. It has to receive US $ 223,118 dollars for the approved PDD.
“We have yet to receive the amount for the first PDD. We have been assured that we will get it very soon,” Gyawali said, adding, “The reward for carbon credit varies according to the nature of the project.”
The Designated National Authority (DNA) under the Environment Ministry has already recommended 12 different PDDs to the CDM board while only six have been registered so far. Out of six, one is likely to get certification soon.
Alternative Energy Promotion Centre, under the Ministry of Environment, is the agency responsible for facilitating carbon credit projects. There are four different sectors--biogas, micro-hydro, improved stoves and bio mass gasification--on which Nepal is working to earn carbon credits. It is said that a single biogas plant, on an average, reduces 4.9 ton of greenhouse emissions annually.
Related story
Leapfrog Technology hosts Design Disco 2 celebrating excellence...
