By Razen Manandhar
Nepal has made a claim in the world carbon credit market. The Clean Development Mechanism (CDM) Executive Board of United Nations Framework Conventions on Climate Change (UNFCCC) has recently registered two of Nepal's projects on biogas support programme, which will give the nation a total of Rs 36,500,000 annually.
After undergoing a lengthy procedure of application and tough competitions, Nepal's projects: 'Project 0136: Biogas Support Programme - Nepal (BSP-Nepal) Activity-1', and 'Project 0139: Biogas Support Programme - Nepal (BSP-Nepal) Activity-2' are now 'registered' list of projects as small-scale CDM project activities, as per a decision made on December 27.
Authorised participants at Activity 1 are the Alternative Energy Promotion Centre (AEPC), Maiya Gautam and Suk Man Tamang, whereas those of Activity 2 are (AEPC), Min Prasad Gautam and Madhu Prasad Simkhada. 'It is a historic success and a milestone in Nepal's status in the world carbon credit market,' said Jivan S Acharya, a research Officer at Winrock International which provided technical assistance by preparing all the necessary documents. He said the industrialised countries will pay Nepal $500,000 (Rs 36,500,000) annually as compensation as they are emitting greenhouse gases through their industries, while the use of biogas technology in cooking and other purposes in Nepal will reduce greenhouse gas emission by displacing conventionally-used fuel sources, such as fuel wood and kerosene.
It is estimated that the projects, registered in CDM Executive Board from Nepal, will reduce around 94,000 metric tonnes of CO2 equivalent per year. "It is almost sure that the countries are ready to send us money. The Community Developed Carbon Fund of the World Bank has shown interest in purchasing carbon credit from these projects," he said. "The government will get the money," Acharya said, adding: "It should be used to support biogas plans."
Source: The Himalayan Times, 01 January 2006
Showing posts with label CDM.. Show all posts
Showing posts with label CDM.. Show all posts
Wednesday, November 01, 2006
Friday, September 23, 2005
Nepal player in world carbon trade, courtesy Kyoto Protocol
Razen Manandhar
Kathmandu, September 22[2005]:
Thanks to the ratification of the Kyoto Protocol, Nepal has entered the world “market” of carbon trading, where it can reap the benefits of promoting eco-friendly fuels and contribute to reducing the greenhouse gas effects in the world.
Nepal, which remained the only country in the South Asia to ratify the Kyoto Protocol, finally submitted the necessary documents for the ratification last week.
The Kyoto Protocol, an international agreement setting targets for industrialised countries to cut down on their greenhouse gas emissions comes into force from February 16, has been so far ratified by over 140 countries. Nepal deposited with the UN the Instrument of Accession at a function organised during the Treaty Event at the UN headquarters last Friday. The process of recognition generally takes three months to complete.
“We have recently become suitable sellers of carbon in the world market,” said Joint-Secretary at Ministry of Environment, Science and Technology, Lok Darshan Regmi, today.
He said, After ratifying the Protocol, Nepal will get many doors opened to it for dealing with the world against the contribution we have made so far in the area of controlling emission of carbon dioxide and other gases.” But to be a eligible candidate selling carbon credit, that is selling the due of reducing greenhouse gases, Nepal will first have to establish a Designated National Authority (DNA) that deals with the developed countries for selling the carbon credit.
Bikas Pande, coordinator of the Climate Change Network-Nepal (CCNN), said the ratification of the Kyoto Protocol itself is not everything but has merely opened the door to wider possibilities. “Our job starts now. We can now go for searching for buyers of carbon we have preserved by introduction of eco-friendly sources of energy, which is called Clean Development Mechanism (CDM) Projects” he said.
He added that the possible CDM projects in Nepal’s context could be bio-gas and micro-hydro projects. This apart, Winrock Nepal has identified five other possible areas that Nepal can put forward — vertical shaft brick kilns, improved cooking stove, Safa tempos, solar tuki, and cooking gas produced from solid waste landfill sites.
Sandeep Chamling Rai, Climate Change Officer at WWF Nepal, said the ratification of the Kyoto Protocol would make Nepal’s CDM projects implementation easier. “We can work much easier and wider in the future. But for this, the DNA has to be set up as soon as possible,” he said.
>http://www.thehimalayantimes.com/fullstory.asp?filename=
aNPata0ra3qzpfa1a8a8va.axamal&folder=aNPataiaoanaaal&Name=National&sImageFileName=
Kathmandu, September 22[2005]:
Thanks to the ratification of the Kyoto Protocol, Nepal has entered the world “market” of carbon trading, where it can reap the benefits of promoting eco-friendly fuels and contribute to reducing the greenhouse gas effects in the world.
Nepal, which remained the only country in the South Asia to ratify the Kyoto Protocol, finally submitted the necessary documents for the ratification last week.
The Kyoto Protocol, an international agreement setting targets for industrialised countries to cut down on their greenhouse gas emissions comes into force from February 16, has been so far ratified by over 140 countries. Nepal deposited with the UN the Instrument of Accession at a function organised during the Treaty Event at the UN headquarters last Friday. The process of recognition generally takes three months to complete.
“We have recently become suitable sellers of carbon in the world market,” said Joint-Secretary at Ministry of Environment, Science and Technology, Lok Darshan Regmi, today.
He said, After ratifying the Protocol, Nepal will get many doors opened to it for dealing with the world against the contribution we have made so far in the area of controlling emission of carbon dioxide and other gases.” But to be a eligible candidate selling carbon credit, that is selling the due of reducing greenhouse gases, Nepal will first have to establish a Designated National Authority (DNA) that deals with the developed countries for selling the carbon credit.
Bikas Pande, coordinator of the Climate Change Network-Nepal (CCNN), said the ratification of the Kyoto Protocol itself is not everything but has merely opened the door to wider possibilities. “Our job starts now. We can now go for searching for buyers of carbon we have preserved by introduction of eco-friendly sources of energy, which is called Clean Development Mechanism (CDM) Projects” he said.
He added that the possible CDM projects in Nepal’s context could be bio-gas and micro-hydro projects. This apart, Winrock Nepal has identified five other possible areas that Nepal can put forward — vertical shaft brick kilns, improved cooking stove, Safa tempos, solar tuki, and cooking gas produced from solid waste landfill sites.
Sandeep Chamling Rai, Climate Change Officer at WWF Nepal, said the ratification of the Kyoto Protocol would make Nepal’s CDM projects implementation easier. “We can work much easier and wider in the future. But for this, the DNA has to be set up as soon as possible,” he said.
>http://www.thehimalayantimes.com/fullstory.asp?filename=
aNPata0ra3qzpfa1a8a8va.axamal&folder=aNPataiaoanaaal&Name=National&sImageFileName=
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