Location: Bihar, India

Carbon Credit Program: The Bihar Biomass Project

Eco Global Markets is proud to offer its clients an exclusive opportunity to purchase discounted, pre-issue Certified Emission Reductions resulting from a biomass power plant in Bihar, India. Eco Global Markets partner and project developer Carbon 350 Limited is currently engaged in developing a 7.5 MW biomass based power plant at Bihiya, at the Bhojpur district of Bihar. The biomass power station will be known as the Bihar Biomass Project (BBP).

BBP will utilise dry agricultural waste to generate power, helping to lower greenhouse gasesGases in the earth’s atmosphere that absorb and re-emit infra-red radiation. These gases occur through natural and human-influenced processes. Carbon dioxideA naturally occurring gas and one of the most abundant greenhouse gases in the atmosphere. Carbon dioxide is also a by-product of industrial processes, burning fossil fuels and land use changes., methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulphur hexafluoride are the 6 GHGs subject to emission reduction in the Kyoto Protocol. in the atmosphere. BBP is producing Certified Emission Reductions (CERs) which are able to be traded under the EU ETSAn EU-wide ‘cap-and-trade’ system for reducing CO2, which commenced in January 2005. (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.).

The energy saved by this project will be sold to local industries, with the balance sold to third parties such as the Bihar State Electricity Board. Population, GDP and energy demand are all booming in India. The International Energy Agency believes that commercial energy demand in India will increase by 6% every year.

The location of this Eco Global Markets carbon project is ideal for this type of project. The dry agricultural waste, known as Rice Husk, is currently not being used and is either burned or simply rots. BBP is being accredited under 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.’s 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..