“Green” Trash Dump in Brazil Looking for Carbon Credits
NOVA IGUACU, Brazil — The methane pipelines are already in place at the Novagerar trash dump on the outskirts of this impoverished suburb of Rio de Janeiro.
So are the legions of dump trucks that haul 2,800 tons of city trash here every day and the dozens of workers who cover the trash with soil at day’s end to prevent greenhouse gases from escaping.
This 300-acre ”green” dump is ready to tap into a potential carbon-credit market explosion that many developing countries hope will pour millions of dollars into poor communities like this one.
So far, the dump, which is owned by the Brazilian construction company Paulista, generates only 4 percent of its revenue — or $900,000 a year — from selling carbon credits.
That is bound to change, said facility director Adriana Felipetto, who predicted that annual carbon-credit sales would hit $3 million in two years and make up a quarter of the facility’s total revenue stream.
”We’re just beginning,” she said while walking through a complex of valves and pipes that treat methane emitted from the dump. “We think we’ll at least triple the revenue with no problem and find a market for our credits.”
The facility generates those credits by trapping methane produced by rotting trash under sheets of soil and plastic sheeting, converting it into carbon dioxide and releasing that gas into the atmosphere.
A DAMAGING GAS
Methane is 21 times more damaging to the atmosphere than carbon dioxide, and Novagerar’s credits result from the carbon emissions it prevented by turning methane into carbon dioxide. Methane makes up about three-fifths of gases emitted by the dump’s buried trash.
Through the World Bank, Novagerar sells the credits to the Dutch government, which uses them to offset carbon emissions produced by its domestic industries.
Company officials said the dump was the first carbon-credit project approved under the Kyoto Protocol on climate change, which took effect in 2005. The facility has prevented the emission of 88 million cubic feet of methane since opening in 2003, the year Nova Iguac¸u’s old open-air dump closed.
Yet the carbon-credit project side of Nova Iguac¸u remains unproven. The facility still depends largely on fees paid by private trash collectors to bring in garbage and from other services, such as sterilizing medical waste produced by local hospitals.
Whether projects such as Novagerar can turn their trash into enough cash depends on whether the prices for carbon credit rise quickly enough, said Jed Jorgenson, spokesman for the Oregon-based nonprofit group Climate Trust, which funds carbon offset projects around the world.
Read the rest at the Miami Herald.
I believe carbon credits are one of the biggest frauds ever perpetrated by the greedy against the stupid.
