Nepal earns $0.84m from carbon sales

Kathmandu, August 15:

Nepal has earned $0.84 million from carbon sales by decreasing emission of carbon dioxide through the use of bio-gas.

In 2005 two bio-gas projects were registered in World Bank as Clean Development Mechanism. Eighty per cent of sales would be used for the technology and remaining would be spent in the project implementation.

Similarly, small hydroelectric projects having capacity of 15 megawatt (MW) have been registered as the Clean Development Mechanism and improved watermills having capacity of 13.37 MW have been registered in project idea notes.

In a workshop organised here today by Alternative Energy Promotion Centre (AEPC), experts discussed the use of income from carbon sales and new projects.

Advisor to the Ministry of Science and Technology, Prof Dr Devidutta Poudel said, “Poor people should get the share of income from carbon sales.”