Azerbaijan Secures Carbon Credits For Small Hydropower Plants
Date
6/29/2024 10:17:49 PM
(MENAFN- AzerNews)
Nazrin Abdul
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"AzerEnergy" OJSC has applied to two foreign companies to
purchase carbon certificates for seven small hydroelectric power
stations located in Kalbajar and Lachin, Azernews
reports, citing "AzerEnergy" OJSC.
"Chirag-1", "Chirag-2", "Soyugbulag", "Qamishli", and "Meydan"
in Kalbajar district, as well as "Mirik" and "Garykishlaq" small
hydropower plants in Lachin district, were addressed earlier this
year. This was done in collaboration between "AzerEnergy" OJSC and
"SOCAR Trading" to obtain carbon certificates and participate in
the voluntary carbon credits market.
The applications for the seven small hydropower plants were
reviewed by the "Global Carbon Council" in Qatar and the "Gold
Standard" in Switzerland, and field audits were scheduled as part
of the registration process. An audit company was engaged to
conduct these field audits, which were carried out by an expert
visiting Azerbaijan for three days starting on June 10.
It is projected that the operation of these seven small
hydroelectric power stations, currently in the registration
process, will prevent the emission of 45,000 to 50,000 tons of
carbon dioxide into the atmosphere annually.
This project, set to be implemented in recently liberated
territories, represents one of Azerbaijan's initial ventures in the
voluntary carbon credits market.
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