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Santo Domingo.- The head of the National Council for Climatic Change and Clean Development Mechanism said the public and private sectors can take advantage of the carbon bonds generated through the so-called Clean Development Mechanism contained in the Kyoto Protocol agreement.
Omar Ramirez said president Leonel Fernandez has instructed him to orient and help the different agencies on the Mechanism’s potential benefits, from which they can obtain bunds and also contribute to reduce greenhouse gases.
In the case of the country’s hydroelectric sector, Ramirez said the State-owned Hydroelectric Dams Agency’s (EGEHI) new projects, such as the northwest Las Placetas Dam and Artibonito Power Station, can perfectly apply for this mechanism.
speaking in a exhibition EGEHI, the official said just in those two cases, where expected output is 125 and 143 gigawatt hours per year, 195,000 tons of CO2 wouldn’t be released to the atmosphere, and at an average current market price of US$12/ton, means 2.3 million dollars annually for that agency, funds which may be allocated to maintain the hydraulic infrastructure, manage the river basin where the works will be located and develop the communities adjacent to the projects.
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They never look past 'today'.
Why not...the country only knows FREE MONEY...la isla de maravillas is really La Isla de MOOCHERS....
gmiller....you are correct~ short sighted, under educated with each day's goal being to make it to the next
AGREED
By JOHN M. BRODER
Published: March 25, 2010
Less than a year ago, cap and trade was the policy of choice for tackling climate change. Environmental groups and their foes in industry joined hands to embrace the approach, a market-driven system that sets a ceiling on global warming pollution while allowing companies to trade permits to meet it. President Obama praised it by name in his first budget, and the authors of the House climate and energy bill passed last June largely built their measure around it.
Today, the concept is in wide disrepute, with opponents effectively branding it “cap and tax,” and Tea Party followers using it as a symbol of much of what they say is wrong with Washington.
Mr. Obama dropped all mention of cap and trade from his current budget. And the sponsors of a Senate climate bill likely to be introduced in April, now that Congress is moving past health care, dare not speak its name.