Tokyo Electric Buys Reductions From Arauco Biomass Project In Chile
Tokyo Electric Power Company is buying emissions reductions from a Biomass Clean Development Mechanism Project in Chile being sold by Arauco, the largest forestry company in Latin America. CantorCO2e, a subsidiary of Cantor Fitzgerald, is facilitating the transaction.
The transaction will result in the creation of energy through the burning of wood waste which will then be dispatched to the Chilean electricity grid, reducing CO2 and methane emissions in the order of 500,000 tons of carbon dioxide equivalent while using the latest and cleanest technology available, according to Cantor. Much of the biomass will come from Arauco’s own pine plantations and none of it is taken from native forest, of which Arauco owns 400,000 hectares.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Embracing New Tech Is Key to Greater Energy Savings, Say Experts
- SolarCity: We Have the World’s Most Efficient Rooftop Solar Panel
- Bridgestone Arena in Nashville Switches to LEDs
- Helping Building Automation Grow
- Municipalities Could Combine Small Cell and LED Upgrades
- Holistic Approach to Energy Savings in Dublin, Ohio Schools
- NYC One Step Closer to Net-Zero Energy Goal at Wastewater Treatment Plants
- ‘Better Buildings, Better Plants’ Saves $2.4B Over Five Years