Peshawar: The Khyber Pakhtunkhwa (KP) government has decided to sell its surplus ‘Carbon Credits’ in the international market through World Bank (WB), news sources reported on February 14.
The Pakistan Environment Trust (PET) estimates that Carbon Credits could earn USD 60 million annually if sold in the international market.
The KP government will thus seek the World Bank’s technical assistance to certify and market the province’s carbon credits. The government would assess the green points it has produced from its green energy initiatives under the Pakhtunkhwa Energy Development Organisation. The organization has been generating 161.8 megawatts (MW) of hydel power through hydropower projects (HPP) for the national grid, of which, 28,884 kilowatts (KW) are produced through community-owned micro hydel power stations and 16,054.67 KW through various solar projects on daily basis.
As per the sources, the provincial government would market the carbon credit on an ‘offset market’ only under the 1997 Kyoto Protocol for the reduction of Green House Gases (GHSs) and carbon credits.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
