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Carbon Crediting Mechanisms in Pakistan
Participation in the carbon crediting processes like Clean Development Mechanism (‘CDM’), voluntary carbon mechanisms as such is voluntary for a country. Pakistan has decided to participate in the mechanism based on its own assessment of potential benefits. Expected advantages coming along with participation in carbon crediting mechanisms in Pakistan may include:
· Introduction of advanced techniques, technologies and processes
· Training and introduction of new skills to local entities
· Influx of additional foreign investment
· Channeling of carbon revenues to investment priorities
· Concentration on cleaner and more sustainable development
· Reduction of greenhouse gas (‘GHG’) emissions and increase in environmental awareness.
Carbon crediting mechanisms aim at increasing the profitability of eligible alternative and Renewable Energy (‘ARE’) projects. These also incentivize local communities to self-manage qualifying projects and thus strengthening their livelihood, since its conceptualization is bases on sustainable development principles.
The Policy for Development of Renewable Energy for Power Generation, 2006 (‘RE Policy’) of Government of Pakistan (‘GoP’) encourages the project proponents to apply for earning carbon credits. At time when the RE Policy was announced, CDM was the potential carbon market option available for developing countries like Pakistan. Because of which the RE Policy captured this concept only. However, as the time passes, new market mechanisms got evolved and several lucrative options in the voluntary markets become available where option of selling carbon credits at lucrative prices could be explored. Owing to this, the Designated National Authority (‘DNA’) established at Ministry of Environment at that time and now shifted to Climate Change Division (‘CCD’), encouraged the project proponents to get benefit from these market options as well.
Latest News
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The Inter Solar Energy Meet (ISEM) conference was hosted by White Paper Summit on May 21, 2022 at the Lahore Expo Centre Auditorium. The conference featured an expansive line-up of stellar speakers, c
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The Government of Pakistan is encouraging local manufacturing of solar PV panels and allied equipment in Pakistan. In this regard, Engineering Development Board (EDB) arranged a consultative workshop
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11 March, 2022: Mr. Shah Jahan Mirza CEO AEDB visited the AEDB stall installed at Career Expo 2022 Pak China Friendship Center, Islamabad organized by Ministry of Federal Education and Professional Tr
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March 08, 2022: Study Visit of the Participants of 32nd PSMG (Public Sector Management and Governanc
A briefing session on working of Alternative Energy Development Board, its achievements and challenges was arranged, A team comprising 40 participants and 40 Faculty members visited Alternative Energy
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March 14, 2022: Joint meeting of CEO AEDB and MD NEECA with Danish mission headed by Mr. Ulrik Everbusch, Director for Global Collaboration, Ministry of Climate Change & Energy, Denmark.
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REAP’s 9th Intl. Expo and Conference 4-6 Mar’22, CEO AEDB visited the Stalls of PGREF and German Solar Network Academy. RE Manufacturing was theme of the event.
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The 56th AEDB Board Urgent Meeting was held at Power Division, Islamabad on 24th November, 2021 under the chairmanship of Mr. Ali Raza Bhutta, Secretary Power Division / Chairman AEDB. The mat
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The 55th AEDB Board Meeting was held at Power Division, Islamabad on 20th September, 2021 under the chairmanship of Mr. Ali Raza Bhutta, Secretary Power Division / Chairman AEDB. Several matte
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The 54th Board Meeting of the Alternative Energy Development Board (AEDB) was held at Power Division, Islamabad on 28th June, 2021 under the chairmanship of Mr. Ali Raza Bhutta, Secretary Power Divi
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The 53rd AEDB Board Meeting was held at Power Division, Islamabad on 26th February, 2021 under the chairmanship of Mr. Ali Raza Bhutta, Secretary Power Division / Chairman AEDB. Several issu
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August 23, 2021: Today, AEDB signed agreements with five (05) host institutes including NUST, Islamabad, UET- Lahore, UET Peshawar, Mehran University, Jamshoro and Energy Dept. GoPb, for handing-ove
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February 24, 2021: Today, AEDB celebrated the Financial Closing of four (04) Solar PV projects, having cumulative capacity of 250MW. Out of 250MW, Zhenfa Pakistan New Energy Com
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Press release
In line with the vision of present government’s policy of “Ease of Doing Business” and for promotion of clean and green energy, AEDB has issued simplified Certification Regulations fo
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February 01, 2021
Today, AEDB has executed the Implementation Agreement (IA) relating to 100MW solar PV power project of Zhenfa Pakistan New Energy Company (Private) Limited (ZPNECPL) in District L
