Blog » PE Huaycoloro Landfill Gas Recovery-Incentive Payment-Carbon Finance
PE Huaycoloro Landfill Gas Recovery
Solid Waste Management
Incentive payment, Carbon Finance
GHG avoided estimate:
Reduce 2 million tCO2e for the duration of the initial 7-year crediting period and about 8 million tCO2e over a 21 year crediting period.
The project will reduce greenhouse gases emissions largely through collecting and burning LFG. Additional emissions reductions may be obtained at a second stage by using LFG as a fuel to generate electricity and displace the site’s diesel generation and to sell power to the main electricity network.
According to the pre-feasibility study the project would reduce about 2 million tCO2e for the duration of the initial 7-year crediting period and about 8 million tCO2e over a 21 year crediting period
Description of the RBF Scheme:
The emission reductions is verified annually by an accredited organization. Payments to the sponsor will occur upon completion of this independent verification process. The Netherlands Clean Development Mechanism Facility (NCDMF) will purchase 800,000 tCO2e in the first seven years of the operation. The purchase of Certified Emissions Reductions (CERs) under this project effectively means that transfer of funds is based on the performance of the project –measured by the actual reduction of greenhouse gas emissions. Under this arrangement, the project’s sponsor has a clear incentive to maximize the recovery of the LFG, since the sponsor’s revenues from the project are directly proportional to the amount of LFG collected and burned.
Peru - PE Huaycoloro Landfill Gas Recovery : P094739 - Implementation Status Results Report : Sequence 05 October 29, 2012