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European Bank for Reconstruction and Development
EBRD facilitates registration of Kazakh wind farm under domestic carbon credit scheme



November 9, 2017

The Yereymentau Wind Farm in Kazakhstan, a long-standing partner of the European Bank for Reconstruction and Development, EBRD, has been registered as a domestic carbon credit project under the country's emissions trading system (ETS).

Once up and running, the EBRD-sponsored project will be able to monetise emission reductions by selling carbon credits to operators under the Kazakhstani Emissions Trading Scheme for compliance purposes.

Established in 2013 as a pilot programme, Kazakhstan's ETS aimed to establish a national market mechanism for reducing greenhouse gas (GHG) emissions. The same year the Kazakh parliament passed a renewable energy law, introducing feed-in-tariffs for electricity produced by renewable energy sources.

The EBRD subsequently agreed to finance the first large-scale renewable energy project in the country in 2014, the 50 MW wind power plant in Yereymentau, central Kazakhstan.

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For more information :

Organization:
European Bank for Reconstruction and Development (EBRD)
http://www.ebrd.com

             

Link http://globalrenewablenews.com/detail_news.php?ID=665985
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