Spanish Companies Pay Developer To Reduce Greenhouse Gases at Chinese Landfill
BEIJING -- Spanish companies are paying a Chinese developer to cover a landfill site with a plastic cap to collect the greenhouse gases it emits, the World Bank said Monday.
The deal is the latest the World Bank has brokered allowing Europe and Japan to meet their greenhouse gas reduction pledges under the Kyoto Protocol by cutting emissions in China.
About a dozen similar deals have been signed in China, and more than 500 others are in the works, said Andres Liebenthal, the environment coordinator for the World Bank office in Beijing.
The Tianjin Clean Energy and Environmental Engineering Co. will collect the methane and other greenhouse gases emitted by the landfill and use it to generate electricity to sell to the North China Power Grid, a World Bank statement said. Excess gases will be burned.
In addition to electricity revenues, the company will get money from a consortium of Spanish companies for reducing the amount of greenhouse gases the landfill generates, according to the statement and Liebenthal.
The project is slated to start operations in 2008.
China overtook the United States as the world's largest carbon dioxide emitter in 2006, according to a report from the Netherlands Environmental Assessment Agency.
Source: Associated Press