Carbon Offsets Daily

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AES CDM Project May Harm Environment, Rare Species, & Local Tribe

Though United Nations Clean Development Mechanism is meant for the good of present and future generations, a to-be-approved CDM project may very well be totally against that goal. Virginia-based Allied Energy Systems (AES) Corporation is looking forward to construct a hydroelectric dam in Panama that activists fear may harm the habitat at a World Heritage site of significance. In addition to that, it may also force a local tribe Ngobe to relocate to another place.

Panama Habitat in Danger from CDM Project

AES has asked for certification of the credits that can be achieved through this project although contemporary scientists believe tropical dams can result in generation of methane, which in itself is several times more harmful than the infamous CO2.

A large number of mammals and other species reside in the La Amistad Reserve that is threatened by this new CDM project; also present in the reserve are around 180 plant and 40 bird species that are non-existent in the rest of the world.

At first glimpse to this news, it seems as if the matter hasnt come into the notice of non-profit bodies; but just a year back, around 50 environmental organizations dispatched a letter to AES pressurizing it to move back. However, all efforts seem to have gone in vain.

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US DOE Team to Monitor Carbon Sequestration Project Using Underground Apparatus

While Canadians debate carbon tax and Aussies fight over the emissions scheme, the US Dept of Energy is taking a shot at the controversial carbon sequestration plan. The Southeast Regional Carbon Sequestration Partnership (SECARB), which is a part of the DOE, has set up sophisticated underground apparatus to monitor CO2 injected for an oil recovery program.

DOE to Monitor Carbon Sequestration Project

Apart from being a step towards large-scale sequestration projects, the current study will also assist in evaluating the type of apparatus required to ensure secure storage of carbon dioxide. Approximately 250K-500K metric tons of carbon dioxide will be pumped around 10,000 feet into the ground every year for this sequestration research.

Although CO2 injection isnt that new an approach for Enhanced Oil Recovery, what needs to be tested largely is the safety of the whole process, especially the safety of underground water resources from being contaminated by the injected gases.

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DOE to Distribute $430M for Clean Coal Power Initiative

The US DOE today released the last Funding Opportunity Announcement for Round Three of a major carbon capture and sequestration project. The Clean Coal Power Initiative (CCPI) is an effort to promote commercialization of technologies, which will enable clean acquisition of coal-fired energy. The DOE may disburse as much as $430 million to selected participants, where the recipients will have to provide at least 50% of the amount themselves. The objective of the project is to demonstrate commercial viability of sequestering or beneficially utilizing CO2 emissions generated by cola-fired plants.

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21 US Cities to Measure Carbon Footprint

Collaborating with UK-based Carbon Disclosure Project (CDP), Las Vegas and New York will be amongst 21 US cities that will have their carbon footprints measured.

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71% Americans Try to Cut Carbon Footprint: Survey

A recent survey of Americans revealed that around 71% are putting in efforts to cut their carbon footprint. Approximately 33% of these are doing it to save the environment; saving money on fuel costs is a motivator for 24%; and 41% state both of these factors as the reasons for cutting footprint. Amongst the major sacrifices are using less gasoline, cutting electricity consumption and recycling.

Even more interesting is that amongst the 29% who are not taking any steps to reduce their footprint, around one-fifth said they dont know how to do that. So it seems there are still people out there who dont have an idea what carbon offsetting is all about. That may mean brighter prospects for carbon offset retailers in future as awareness grows!

This telephonic survey of 1,000 adults was conducted between the 23rd and 28th of July, 2008.

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Carbon Market News August 6

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