Valuing Local Farmers Agricultural Waste to Produce Green Renewable Electricity in South East India.
CO2logic’s project in India produces renewable energy from sustainably grown biomass from local agricultural products such as rice husk, cotton stalk and paddy straw and not from fossil fuels such as coal which are usually used. It has the environmental advantage of reducing emissions of Greenhouse Gases as eco-friendly green power is produced. Local farmers are able to value their otherwise unused crop waste which is burnt on the fields. The all year round biomass demand from the project helps spread the farmer’s income stream more evenly. Local employment and development also gain greatly from this project. The recent rise in agricultural waste prices as more of these types of projects start, due to carbon financing, will further help the local rural community. This project only made commercial sense due to the foreseen income from its environmental carbon service. This new revenue stream tipped the balance for this project from unconceivable to conceivable. The project creates CO2 emissions reductions of ca 29 000 tons annually and is grid-connected.
CO2logic’s project produces CER and has received the official validation from the United Nations Executive Board and by the Det Norske Veritas (DNV) to confirm its benefits these include:
- contribution to sustainable development
- additionality factor
- GHG permanence factor
- calculations and science used for GHG reduction quantification
- GHG monitoring methodology
- local environmental impact
- no GHG leakage of benefits