Jobs
Properties
Search
Categories
Companies
People
Sectors
Topics
Newsletter
Subscribe
Update my subscription
Unsubscribe
Submit News
Search
Categories
Business
Research
Calculation
Tools
Newsletter
SUBMIT NEWS
CHAMPION OF THE DAY
LEADERS NEWS
First national clean project registered at UN
Possibility of selling carbon credits
Share
The Lebanese Center for Energy Conservation (LCEC), a national organization affiliated with the Ministry of Energy and Water (MoEW), announced that the ‘Lebanese CFL Replacement Project’ has been registered at the United Nations Framework Convention on Climate Change (UNFCC). The UNFCC includes commitments from governments around the world to decrease gas emissions through national initiatives.
The Lebanese CFL Replacement Project, was introduced by the MoEW in 2010 under the scope of ‘clean mechanism development’ with a budget of $7 million. It involved delivering three million energy-saving CFL lamps to one million residences distributed across the country. The project was able to save up to 60 giga-watts per year.
Through the project's registration at the UN, the LCEC will be able to sell the carbon credits it saved in emissions on the carbon trading market. In that market, polluters can buy carbon credits from reducers, in this case, the LCEC.
The project will be implemented in partnership with EDF Trading, a U.S.-based wholesale energy trader.
Reported by Nader Houella
Your browser does not support iframes.
Date Posted:
Feb 27, 2013
Share
Your browser does not support inline frames