RENEWABLE ENERGIES

CARBON OFFSET PROJECTS

RENEWABLE ENERGY

INDEX:

1. Definition of COP

3.Carbon offset projects based on renewable energies

1.1 When it is used

1.2 Relation with renewable energies

2 Definition of RE

2.1 Types

2.2 Advantages and disadvantages

1. Definition, when it is used and the relation with renewable energies

1. What is it? Every tonne of emissions reduced by an environmental project creates one carbon offset or carbon credit. Companies can invest in these projects directly or buy the carbon credits in order to reduce their own carbon footprints. Carbon footprint compensation consists of financing an environmental project that reduces greenhouse gas (GHG) emissions into the atmosphere.

1.1 When and why are carbon offset used? Completely eliminating carbon emissions through mitigation methods is not always possible. Carbon offsetting is a valuable tool, and when used to supplement a company’s mitigation efforts, creates a genuinely sustainable and resilient foundation.

1.2 The relation with renewable energies Renewable energy offsets help build solar, wind, or hydroelectric sites around the world. By investing in these projects, a company increases the amount of renewable energy on the grid.

2. Renewable energies: Definition and types

2. What is it? It is the energy that is obtained from natural sources, either because of the immense amount of energy they contain, or because they are able to regenerate by natural means.

2.1 Which ones are they? Renewable energies include wind, geothermal, hydroelectric, tidal, solar, wave, biomass and biofuels.

Types of renewable energies

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05

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01

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BIOFUEL

TIDAL

GEOTHERMAL ENERGY

EOLICENERGY

SOLARENERGY

BIOMASS

WAVE POWER

HIDROELECTRIC ENERGY

2.2 Advantages and disadvantages

-Some types of energy cause negative effects such as geothermal energy that drags toxic minerals to the surfaces

-They can develop the economy of a country and new technologies.

-It still generate pollution

-They are unlimited and are obteined from nature

-Renewable energies create five times more jobs than non-renewable energies

-Not all countries have the same natural resources, it is impossible for them to obtain the same amounts and types of energy

CARBON OFFSET PROJECTS BASED ON RENEWABLE ENERGIES

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For example, The Bokhol Plant in Senegal. This project is one of the largest of its kind in West Africa, providing 160,000 people with access to renewable energy. It also saves the government $5 million a year and creates jobs in the region. Plus, the profits from selling carbon credits are often fed back into local community projects.

Senegal is ranked 164th in the Human Development Index and over 43% of the population do not have access to electricity. What energy the country does supply is CO2 intensive and expensive, such as diesel, coal and gas. The Bokhol plant, one of the largest of its kind in West Africa, covers 50 hectares and is equipped with 77,000 modules which are connected to the national grid. Its supply of renewable solar energy saves the government US$5 million per year. It also provides Senegalese people with jobs and makes sure that the sale of carbon credits fund investments into the local community to improve the quality of living conditions.

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