Honduras has become home to Central America’s largest wind farm. The 102 MW Cerro de Hula facility, which started commercial operation in December 2011, is also Honduras’ first wind farm. Cerro de Hula will produce more than 360 GWh/year, which is enough to supply power to 150,000 Honduran households using clean and renewable energy.
Clean Development Mechanism
The developing nations resting on the continent of Africa have become in recent years popular destinations for applying clean technologies, including renewable energy. Because of the excessive cost associated with transporting electricity from power plants, small-scale geothermal, wind, and solar devices have
(Reuters) – EDF Trading, subsidiary of French utility EDF, said on Thursday it has ended its involvement in a biogas project in Honduras which an environmental group claims is linked to human rights abuses.
“We have taken the situation in Honduras very seriously and have spent the past few months looking at our options in respect to
It’s no secret that, regardless of how the world addresses the challenge of reducing global carbon emissions, buildings are going to be a central part of the puzzle. Buildings represent about one-third of emissions worldwide and provide some of the quickest and most cost-effective ways to reduce carbon emissions.
(Reuters) – A UN panel will review carbon offset issuances requests by three Chinese greenhouse gas destroying projects, a UN spokeswoman said on Tuesday, a sign the most lucrative projects under the Kyoto Protocol may face more scrutiny.
The Shandong Dongyuen, Zhejiang Dongyang and China Fluoro projects, which
(Reuters) – A United Nations agency cut its forecast on Wednesday for pre-2012 Kyoto Protocol carbon offsets by 3 percent, estimating that only 981 million tonnes will come to market by the end of 2012.
Under Kyoto, efforts to cut greenhouse gases can be outsourced to emerging countries such as China and India
With the recent presidential push for climate change legislation, it is now more important than ever to understand the underlying fundamentals of a key aspect common across all climate bills – the issue of carbon offsets. The most recent bill, the American Power Act (APA), proposed by Senator John Kerry and Senator Joe Lieberman, specifically provides for up to 2 billion offsets/annum spread across international and domestic projects. That’s a significant volume, considering that it translates into almost 40% of the total cap and trade expected until 2020. It will be one of the largest and most intensely scrutinized markets of all time apart from being one of the key mechanisms by which emission reductions are actually achieved. The sheer variety of project types, locations and, standards frequently make carbon trading appear to be as complex as astrophysics for most of us on the ground.
Fortunately though, the last few years of carbon trading and project development in voluntary markets and as part of the Kyoto Protocol have clarified the essential characteristics of good projects. These common principles define good and reliable emission reduction projects from not-so-desirable ones. Faced with a multitude of carbon offset standards (administered by as many independent certification bodies that certify carbon offsets according to a list of predefined criteria), it is important to keep one’s eyes on the prize – real, verifiable emission reductions. In other words, a carbon offset must represent a verified actual ton of CO2 reduced uniquely, without adverse effect on the socio-economic environment, and in addition to any emissions that may have been reduced as a matter of course.