Location: Peru

Carbon Credit Program: Hydro Project, Run of River hydroelectric dams

Eco Global Markets focuses on those projects that directly mitigate climate change. Our work is to originate, develop and trade carbon credits generated directly from these projects. This project is a Run of River Hydro Electricity Project based in Peru. We have partnered with Eco Systems and Poch Group to develop two 20 MW Run of River (ROR) hydroelectric dams.

This project abates greenhouse gas emissions, meaning that once volumes have been validated and verified under the Clean Development MechanismThe CDMClean Development Mechanism - a mechanism for project-based emission reduction activities in developing countries (non-Annex B countries). Carbon credits (CERs) are generated from these projects. is a mechanism for project-based emission reduction activities in developing countries (non-Annex B countriesThese are the emissions-capped countries listed in Annex B of the Kyoto ProtocolThe Kyoto Protocol originated at COP-3 to the UNFCCC in Kyoto, Japan, December 1997. It details emission obligations for Annex B countries and specifies the terms for JI, CDMClean Development Mechanism - a mechanism for project-based emission reduction activities in developing countries (non-Annex B countries). Carbon credits (CERs) are generated from these projects. and emissions tradingA market-based approach to achieving environmental objectives that allows sources reducing emissions below their target to sell the excess reductions to offset emissions at another source.. It entered into force on 16 February 2005.. Referred to in the Kyoto ProtocolThe Kyoto Protocol originated at COP-3 to the UNFCCC in Kyoto, Japan, December 1997. It details emission obligations for Annex B countries and specifies the terms for JI, CDMClean Development Mechanism - a mechanism for project-based emission reduction activities in developing countries (non-Annex B countries). Carbon credits (CERs) are generated from these projects. and emissions tradingA market-based approach to achieving environmental objectives that allows sources reducing emissions below their target to sell the excess reductions to offset emissions at another source.. It entered into force on 16 February 2005..). Carbon credits (CERs) are generated from these projects. the project will create Certified Emission Reductions. These will therefore be eligible to be used within the European UnionEach allowance permits the holder to release one tonne of carbon allowance dioxide within the EU Emissions TradingA market-based approach to achieving environmental objectives that allows sources reducing emissions below their target to sell the excess reductions to offset emissions at another source. Scheme. Allowances are issued or sold to emitters by governments and must be surrendered annually to cover emissions during the past year. Emissions TradingA market-based approach to achieving environmental objectives that allows sources reducing emissions below their target to sell the excess reductions to offset emissions at another source. SchemeAn EU-wide ‘cap-and-trade’ system for reducing CO2, which commenced in January 2005..

A Run of River (ROR) project is extremely different to a normal hydroelectric project. Traditionally, hydro dams store vast quantities of water which requires the flooding of landscapes. However, run-of-river projects need no great impoundment of water. They instead use natural downward flow through micro turbine generators to capture kinetic energy. Installation of this is cheap and has little environmental impact. There is no need to burn coal or natural gas, and there is no need to wipe out farmland or natural habitats.