iPhone | iPad
Android
Huawei
The shift to online banking has led to mass closings of UK bank branches
KT APPDOWNLOAD
Accord signed to curb gas emissions at power plant
ABU DHABI — Abu Dhabi Future Company (Masdar) signed an agreement with Emirates CMS Power Company to develop a project under the Clean Development Mechanism (CDM) of the Kyoto Protocol, which will reduce carbon dioxide emissions at Emirates CMS power plant at the Taweela industrial zone in Abu Dhabi.
The CDM, a project-based mechanism governed and audited by the United Nations (UN), provides financial incentives to reduce greenhouse gas emissions in developing countries by turning emission reductions into tradable assets or carbon credits.
The CDM project, the first in the power sector in the Gulf, aims at increasing energy efficiency and reducing CO2 emissions at Taweela A2 Power Plant, through the recovery and utilisation of waste heat in the desalination process.
The CDM project will be developed by Masdar subject to the approval of Abu Dhabi’s power sector Regulation and Supervision Bureau.
The CDM project consists of various steps, including GHG emission analysis, regulatory documentation, validation and registration at the United Nations.
Brian Jackson, Managing Director of Emirates CMS Power’s Taweela A2, said, “ We are looking to optimise fuel consumption and minimize environmental impact by implementing energy efficiency projects at the plant, and the CDM provides us with economic incentives to realise our plans.”
Sam Nader, Director of Masdar’s Carbon Management Unit, said, “ We consider this project an important milestone in driving the CDM and the progress to achieve a low-carbon culture in the power sector in Abu Dhabi and the region.”
Masdar, a leading carbon-related project developer, is leveraging the CDM to assist in the creation of the necessary conditions for sustainable growth in the region and to address key environmental concerns. Masdar is actively developing a portfolio of CDM projects in oil and gas, power, renewable energy and heavy industry.
More news from
UniCredit CEO interested in a merger but in no rush
Residents in the Malibu area told local television they felt heavy shaking for 20 to 30 seconds
Companies had select sellers which hurt smaller players, reports find
Companies had select sellers which hurt smaller players, according to confidential reports seen by Reuters
Alonso, who took his titles with Renault in 2005 and 2006, has not won a race since his 32nd career victory at Ferrari in 2013
The rise of 'slow quitting', 'wage theft' and more
Sharjah Art Foundation's ongoing exhibitions devoted to the radical works of Emily Karaka and Bouchra Khalili carry a powerful message for the fragmented contemporary world of today