1 July 2008:The World Bank signed its first greenhouse gas emission reductions purchase agreement in Egypt, for a municipal solid waste-composting project.
The facility will feature waste sorting for recovery of recyclables and aerobic composting of organic waste, reducing the amount of methane and other greenhouse gases emitted from the landfill site.
It is expected […]
1 July 2008:The World Bank signed its first greenhouse gas emission
reductions purchase agreement in Egypt, for a municipal solid waste-composting
project. The facility will feature waste sorting for recovery of recyclables
and aerobic composting of organic waste, reducing the amount of methane and
other greenhouse gases emitted from the landfill site.
It is expected to receive about 1100 tons of
daily municipal waste, which would otherwise go to a landfill. Under the
agreement, the project developer, Egyptian Company for Solid Waste Utilization
(ECARU), will sell 325,480 tons of carbon dioxide equivalent greenhouse gas emission
reductions to the Carbon Fund for Europe, which is managed by the World Bank. Lasse Ringius, Senior Environmental
Specialist and Operations Team Leader for the Clean Development Mechanism (CDM), said “ the
ECARU project is the first large-scale composting project that will use
municipal solid waste in which the Bank has entered into an emission reductions
purchase agreement and is a prototype of what could be done in other countries.”[World
Bank Press Release]