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The Rio Low Carbon City Development Project
Greenhouse Gases (GHG) Avoided:
Overall, the Rio de Janeiro’s target is to secure 2.3 million metric tons of emission reductions through 2020 and achieve 1,816 ktCO2e of emission reduction by 2016.
The City of Rio de Janeiro & The World Bank
The program established clear objectives and targets at the very beginning that ensure interventions to reduce emissions are integrated with other strategic actions in the city.
One component put in place requirements and benchmarks to measure the emissions reduced by expanding the bike-sharing system and bicycle pathways. The overall project is expected to help achieve 1,816 ktCO2e of emission reduction by 2016.
Description of the RBF Scheme:
The World Bank supported the program through the CF-Assist Trust Fund. The project implement a framework of data collection and analysis to promote low carbon projects, and to quantify and validate emission reductions over time. Emission reductions from the Program were either accounted towards Rio’s targets or sold as carbon offset. The Validation and Verification Entity (VVE) is an ISO-accredited environmental auditor, it validates and verifies the emission reductions generated by interventions under the Program.
The Rio de Janeiro Low Carbon City Development Program: A Business Model for Green and Climate-Friendly Growth in Cities