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Industrial and Infrastructure Development Finance Company (IIDFC) on Tuesday signed a Letter of Intent (LOI) with the World Bank and the Danish Energy Agency (DEA) to help reduce carbon emissions from brickfields.
World Bank Acting Country Director Robert Floyed, Deputy Director of Danish Energy Agency Ulla Blatt Bendtsen and IIDFC Managing Director Md Asaduzzaman Khan signed the agreement on behalf of their respective organisations.
The signing ceremony was held at the IIDFC in the city. Under the agreement, the IIDFC will develop a project named ‘Small Scale Clean Development Mechanism (CDM)’ to transfer modern technology to the brickfields to reduce carbon emissions during the brick making process.
Initially, 20 new energy-efficient kilns will be constructed under the CDM project, each with a capacity of producing 50,000 bricks per day. Each brickfield will generate 50 percent less emissions than traditional brickfields, said an official document on the deal.
According to the document, these 20 kilns in total will produce 300 million high quality bricks each year and are expected to reduce carbon emissions by approximately 115,000 tons per annum.
Besides, the project will also help meet a number of sustainable development objectives including transformation of the footloose brick industry into an energy-efficient brick making industry, creation of permanent round-the-year employment for migratory brick workers, reducing agricultural land degradation, preventing illegal hill cutting etc.
The Danish Energy Agency, an organisation under the Danish Ministry of Climate and Energy, will transfer carbon fund to Bangladesh against the reduced amount of greenhouse gas, emitted from modernized brickfields. As per the guidelines of the Kyoto protocol, Bangladesh will get 15.20 dollars from the global Community Development Carbon Fund for reducing each ton of carbon emissions. The World Bank is the trustee of the fund.
Terming the initiative a beginning, IIDFC Managing Director Md Asaduzzaman Khan told BSS that his organisation would be working to explore the immense opportunities of generating more fund from global carbon trading.
With effective efforts, he said, Bangladesh would generate substantial revenue like China and India.
At present, he said 5000 traditional brickfields are emitting 8.75 million tons of carbon annually.
“If we can reduce the amount of emissions by at least 50 per cent through technology transfer, the country will get a huge revenue from global carbon trading fund,” he said.
He said the IIDFC would initially help modernise the brickfields situated around Dhaka city and eventually it will expand its activities in other parts of the country.
“IIDFC is also thinking about introducing similar project in the country’s cement clinker sector where the emission-level is also high,” he said.
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Md.Rafiqul Islam
on Jul 21st, 2010
@ 2:03 am:
I have a brick-kiln from 10 years. Its only my business. Few years ago from today that bricks burning by wood. But after Rules of government of Bangladesh I have running my brick field by lignite. But I am very interesting of A Green Brick Revolution technology. Please let me details about Green Brick. And how I can convert my brick field to without reduce the pollution (carbon)
Thanks