The World Bank inaugurated a power plant fueled by a landfill, which will supply Peru with energy derived from methane emitted by the wastes of Peru's capital city, Lima.
The plant is partly financed with carbon credits obtained through the Clean Development Mechanism (CDM).
6 January 2012: The World Bank has inaugurated an energy plant in Peru, fueled by a landfill in the Peruvian desert, which will supply energy to the national grid and generate carbon credits.
The plant produces electricity, supplied to the national grid, that comes from methane gas produced by the rotting trash of the Huaycoloro landfill, near Lima. The project is generating carbon credits under the Clean Development Mechanism (CDM) of the UN Framework Convention on Climate Change (UNFCCC), as methane is captured to produce electricity, thus reducing emissions from wastes and from fossil-fuel based electricity. Currently 234,575 Certified Emissions Reductions (CERs) have been issued by the UNFCCC for the project, and up to one million CERs are expected to be generated by 2014. [World Bank Press Release]