According to carbon market news this January, French businesses will purchase carbon credits from a Tunisian wind power project. The deal will likely send half of the offsets to the carbon project development firm Orbeo. The agreement will see the carbon credits purchased by CDC Climat, a unit of the Caisse des Depots bank (owned by the French state).
The Tunisian wind project is a 190MW Wind Farm at Bizerte. The project will generate 350,000 CERs, all of which will be sold by the Societe Tunisienne de L’Electricite et du Gas, a utility owned by the Tunisian government. The news was revealed in a joint statement issued by the three companies.
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. (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.) Project will be registered by the U.N. later this year, and is due to start earning credits from 2014 to 2020. The fee for the Certified Emissions Reductions remains to be seen, and is also likely to vary depending on the price of CERs in the secondary markets. Orbeo, and experienced project developer, will help to drive the carbon project through the 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. registration pipeline.
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