FREE SYMPOSIUM OF AMB. JUAN

Extent of Coverage as of Today

Translate

Thursday, January 9, 2014

Carbon market woes blunt prospects for Cameroon CDM projects. Two projects in Cameroon are registered to sell carbon credits via the U.N.’s Clean Development Mechanism (CDM), but the price of CDM offsets has slumped, blunting prospects for the landfill improvement scheme, according to officials with the state-owned Hygiene and Sanitation Company Cameroon (HYSACAM). The Nkolfoulou-Yaounde and PK 10 Douala plants, built at a cost of around 10 million euros (around $13.6 million), mitigate methane emissions from waste decomposition by capturing and destroying landfill gas in enclosed flare stations. “We started these two landfill projects in 2009, with plans to use our expertise to reproduce similar projects in other countries in the Congo Basin by 2015. But the expansion has been delayed for lack of funding,” said Bikoe Betrant Noel, head of Nkolfoulou-Yaounde. According to Noel, the landfill projects are expected to generate more than 1 million CDM carbon credits by the end of 2015, but so far it has proven hard to find buyers for them. “These are the first CDM projects in the Central African region, and we had envisaged reproducing similar projects in the other countries in the region at an estimated cost of 4.8 million euros ($6.5 million) each, but we don’t have funding for this,” Noel said. Facilities to convert the trapped methane into cheap cooking gas have also had to be put on hold, HYSACAM director-general Michel Ngapanou said last year.

 "An initiative to reduce greenhouse gas emissions from landfill sites in Cameroon cannot be expanded to other Central African countries as planned due to a lack of income from the troubled carbon market, its backers say."
CLICK LINK TO READ FULL ARTICLE Carbon market woes blunt prospects for Cameroon CDM projects:
'via Blog this'

Sailing for Peace Coffee Talk

Sailing for Peace Coffee Talk
Climate Change Peace Building Adaptation Information Campaign Worldwide

Search This Blog

Blog Archive