Nine small hydroelectric stations to be built in Guatemala will be funded in part with carbon credits.
Elperiodico.com.gt reports that "carbon credits will be an alternative source of funding for nine small hydro stations to be built between 2013 and 2014, and which have already been registered under the Clean Development Mechanism (CDM) of the United Nations (UN). "
The Latin American Carbon Forum (FLAC in Spanish) promotes the exchange of knowledge and information, creating business opportunities between those involved in the carbon market.
The 6th FLAC will be held on 27, 28 and September 29, 2011 in San Jose, Costa Rica, and will be attended by over 600 regional and international participants from both the public and private sector.
The companies Eco ressources and Anaconda Carbon are exploring the creation of a certified carbon credit market in the country.
The companies are looking for hydroelectric plants to sell carbons credits to Mabanaft, a German-Dutch oil company.
"The target market for the credits are hydropower stations producing less than 15 megawatts. According to Jean Lucas, from Ecoressources, this country could save the world 26.280 tons of CO2 per year, in hydroelectric generation alone," reports Laprensa.com.ni .
The government of El Salvador is considering adding two 40 MW generators to the Central 5 de Noviembre, with an estimated cost of $136 million.
The project could be operational in 2014, and would add 80 MW to the national grid.
"As part of measures leading to the implementation of the proposed expansion of the hydroelectric plant, the Executive Hydroelectric Commission of Rio Lempa (CEL) is incorporating the United Nations "Clean Development" mechanism (under the Kyoto Protocol ). With this initiative, the institution will be fulfilling requirements set by the World Commission on Dams. " noted an article in Elsalvador.com.
Co-organized by the National Authority on the Environment, the event will be held in the El Panama Hotel from the 24th to the 26th.
The general objective of the Latin-American Forum on Carbon (FLAC) is to bring together all the actors of the carbon market: project owners and developers; the National Offices for the Clean Development Mechanism (CDM), Investment Promotion Agencies; Appointed National Authorities (DNAs); intermediary businesses; and corporate service providers. The purposes of the event include sharing experiences regarding the comprehensive processes for CDM projects, understanding the business mechanisms of emissions and the future of the CDM, analyzing national and international politics regarding mitigation and adaptation to climatic change, and facilitating negotiations regarding emissions.