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.
Energy Manager News
- ERC: Electricity Price Trends for the Week Ending May 22
- Future Is Bright for Solar at Stanford
- Noresco Named Qualified Energy Performance Contractor in New Mexico
- Home Depot Sells Cree LED Flood Light for $9.97
- Professional Laundering Facility Installs Cogeneration
- PowerWise Offers Web Controls for Mini-Split Heat Pumps
- DOE Spends $32M to Boost Solar Workforce Training, Technology Innovation
- Trane Partners with Telkonet for Hotel Industry