Pakistan has had an ongoing struggle with energy poverty and
a general under-supply. Recent
developments in their wind power industry could begin to turn the tables. Two such projects have just been registered
under the United Nations’ carbon credit plan.
Foundation Wind Energy 1 and Foundation Wind Energy 2, or so they are
called, will be the first to obtain formal registration with the UN’s Clean
Development Mechanism.
The owner of these projects has enlisted the help of a
climate mitigation project developer in Germany known as Umwelt-Projekt-Management,
who deals with many different wind farms throughout China and Pakistan. The aim of this was to register these as CDM
projects so that they will be able to issue certified emission reduction
credits.
The backbone of the United Nations project, CDM, are these
credits, and the goal is to stimulate sustainable development and reduce
greenhouse gas emissions. The credits
are then open to being traded or sold to more developed nations, helping them
meet regulations all while producing clean energy for the people of Pakistan.
The output of these two wind farms is very impressive. It is estimated that these will combine to
produce around 288,200MWh per year. This
is enough to replace the electricity produced by fossil fuels in the current
grid. By freeing up these fossil fuels,
less pollution is emitted and more income will be generated since they are now
a surplus. This will alleviate some of
the energy shortage in the country and lay the groundwork for future projects.
The emissions reduction in carbon dioxide is equally
impressive as their output. It is
estimated that the close to 1.78 million tons of c02 will be mitigated
throughout their 10 year crediting period alone. Many believe that this single investment will
pave the way for a new face on energy in Pakistan, as well as spark future
private sector investment in the country’s renewable energy sector.
To read more about these recent developments please click here.
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