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Dagachu Hydropower Project trades 800,000 Carbon Emission Reduction credits, earns USD 7 M

June 25, 2024
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During the question hour session in the National Assembly today, Energy and Natural Resources Minister Gem Tshering said that the Dagachu hydropower project has traded close to 800,000 Certified Emission Reduction, CER credits. He was responding to Mongar Constituency’s MP Naiten Wangchuk’s question on the government’s progress on carbon trading. CERs are carbon credits earned by emission-reduction projects in developing countries equivalent to one tonne of carbon dioxide. These credits can be sold to industrialised countries to meet their emission reduction targets.

𝗗𝗮𝗴𝗮𝗰𝗵𝘂 𝗛𝘆𝗱𝗿𝗼𝗽𝗼𝘄𝗲𝗿 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝘁𝗿𝗮𝗱𝗲𝘀 𝟴𝟬𝟬,𝟬𝟬𝟬 𝗖𝗮𝗿𝗯𝗼𝗻 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗰𝗿𝗲𝗱𝗶𝘁𝘀, 𝗲𝗮𝗿𝗻𝘀 𝗨𝗦𝗗 𝟳 MDuring the question hour session in the National Assembly today, Energy and Natural Resources Minister Gem Tshering said that the Dagachu hydropower project has traded close to 800,000 Certified Emission Reduction, CER credits. He was responding to Mongar Constituency's MP Naiten Wangchuk's question on the government's progress on carbon trading. CERs are carbon credits earned by emission-reduction projects in developing countries equivalent to one tonne of carbon dioxide. These credits can be sold to industrialised countries to meet their emission reduction targets.#thimphu #bbs #news #asia #druk #media #bhutan #bhutanese

Posted by BBS on Tuesday, June 25, 2024

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