Presentation of the 42 Climate Projects 2014 selected by the Ministry of Agriculture, Food and Environment The Governing Council of the Carbon Fund for a Sustainable Economy (FES-CO2), meeting today at the Ministry of Agriculture, Food and the Environment, has selected 42 Climate Projects in its 2014 call for proposals that will prevent the emission of nearly one million tonnes of CO2 equivalent into the atmosphere.
The Climate Projects aim to develop initiatives that reduce emissions in sectors such as transport, agriculture or waste (the so-called diffuse sectors), through the purchase of these reductions by the Spanish Office for Climate Change, under the Ministry of Agriculture, Food and the Environment. The third call for Climate Projects, launched at the beginning of 2014, has involved the acquisition of emission reductions from these 42 projects.
Through the Carbon Fund, the Ministry acquires verified emission reductions from Climate Projects, climate change mitigation projects developed in Spain that contribute to avoiding greenhouse gas emissions in diffuse sectors, while generating sustainable economic activity and promoting employment in our country.
MORE THAN ONE HUNDRED PROJECTS RECEIVED
Within the framework of this third call, more than 100 project proposals have been received, of which 80 were pre-selected and invited to specify the details of their actions by submitting a Project Document. After the evolution of these, the final selection of the 42 Climate Projects 2014 has been made today.
The promoters of these initiatives aimed at reducing CO2 emissions will now be able to monitor the reductions of their projects, once they begin to be implemented, with a view to accounting for and verifying the reductions they achieve for their subsequent purchase by the Fund.
The selected proposals cover all the diffuse sectors: transport, residential, commercial and institutional, waste, agriculture, fluorinated and industries not subject to the emissions trading system, and contain actions in a large number of autonomous communities.
The residential sector stands out for being the area from which the most projects have been received, followed by the agricultural and industrial sectors. Waste and transport offer a very similar and also remarkable representation. Finally, it is worth highlighting the incorporation of the F-gas sector as a new area with reduction projects.
The shortlisted projects include numerous “programmatic” proposals, a modality that has reached a representation quota of 50% in the total of the selected initiatives. The programmatic approach involves the grouping of several activities (or individual projects) that fit under the definition of a generic action. In this way, similar activities, with low reduction volumes and that are physically distributed, can be grouped together and gradually adhere to it.
Finally, the Governing Council, meeting today, has approved the Fund’s Action Guidelines for 2015, which will soon allow a new call for applications for Climate Projects credits to be opened.
