Date : 01/05/2013
KUWAIT, May 1 (KUNA) -- The Kuwait National Petroleum Company (KNPC) has
announced that its flare gas recovery project in Al-Ahmadi refinery was to get
the certification and approval of the Clean Development Mechanism Board of the
Kyoto Protocol on global warming.
"The Clean Development Mechanism Board has agreed, after review and study
from accredited bodies, to certify the flare gas recovery project," KNPC
Spokesman Mohammad Al-Mansour Al-Ajmi told KUNA.
He revealed that the move was taken on April 25 after nearly four months of
Kuwait's application for the UN certification of the project, aimed at
reducing carbon emmisions and lessening negative impacts on the environment.
Al-Ajmi pointed out that the purpose of the project is to recover gases
that are currently flared at Mina Al-Ahmadi MAA Refinery.
"It aims to stop gas flaring through the RMP and FUP flare systems and to
make use of the value represented by the components present in the flare gas.
Recovered gas will be used as fuel for thermal energy generation," he said.
Al-Ajmi pointed out that the project has many privileges for Kuwait.
It will reduce the levels of CO2 emissions, limiting air pollution and
other environmental impacts associated with the combustion of fossil fuel.
It will encourage more carbon emission reduction efforts in the country and
prove the national capacity to handle such carbon emission reduction projects.
He noted that the projects will also generate revenues from the sales of
certified emission reductions (CERs).
CER projects generate Certified Emission Reductions (CER), whereby one CER
is the equivalent to one tonne of CO2 emissions that has been avoided.
These emission reduction certificates can be traded within the European
emissions trading system and bought by companies or countries to help them
achieve their reduction targets. The certificates are also suitable for
voluntary offsetting.
The Clean Development Mechanism (CDM), defined in Article 12 of the
Protocol, allows a country with an emission-reduction or emission-limitation
commitment under the Kyoto Protocol (Annex B Party) to implement an
emission-reduction project in developing countries.
Such projects can earn saleable certified emission reduction (CER) credits,
each equivalent to one tonne of CO2, which can be counted towards meeting
Kyoto targets.
The mechanism is seen by many as a trailblazer. It is the first global,
environmental investment and credit scheme of its kind, providing a
standardized emissions offset instrument, CERs.
The mechanism stimulates sustainable development and emission reductions,
while giving industrialized countries some flexibility in how they meet their
emission reduction or limitation targets. (end)
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