Argentina approves 30-MW geothermal project for carbon credits
Jun 20, 2014 - Argentina's government has approved a 30-MW geothermal project at the Copahue volcano for registration under the Kyoto Protocol's Clean Development Mechanism (CDM) and issuance of carbon credits, the investment agency of Neuquen province ADI-NQN said Wednesday.
The project is expected to offset greenhouse gas emissions of nearly 100,000 tonnes a year and obtain carbon credits worth USD 1.3 million (EUR 955,000) annually during 20 years.
The 30-MW plant will be built through a concession contract in the area of Las Mellizas de Copahue and will sell its output through Argentina's wholesale market.
The national approval is a step towards registration of the project with the United Nations. The approval confirms that the project contributes to the economic development and the environment, ADI-NQN said.
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