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DENR okays 9 carbon-reducing projects

October 11, 2007

By MELODY M. AGUIBA, Feb,2,2007, manila bulletin

The Department of Environment and Natural Resources (DENR) has issued letters of approval (LOA) for nine carbon emission-reducing projects which will make the Philippines fifth in the world for the most number of such ventures. 

Five of the projects receiving LOA endorsing their qualification for the Kyoto Protocol’s Clean Development Mechanism (CDM) incentives are four renewable energy projects and five hog farms that are cutting their methane emission.

"There’s an increasing interest in CDM. We have been receiving inquiries on how they can qualify for the program," said Joyceline A. Goco, chief of InterAgency Committee on Climate Change (IACCC) Secretariat.

The projects still have to go through registration with the CDM Executive Board after which the Philippines will be considered to have listed a total of 17 projects, making it world’s fifth with the most number of CDM projects.

 CDM-registered projects normally gain a higher value for their carbon credits ranging from $ 7 to 10 per metric ton (MT).The renewable energy projects are the Sipangpang Mini-Hydropower Project (SMHP), full story here>>>

   photo: sipangpang falls of cantilan


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