CO₂ compensation for banking operations
On the way to Net Zero
Climate protection is an important aspect of Commerzbank's corporate responsibility. On the one hand, this is reflected in our core business through our Net Zero strategy and our decision not to engage in certain business activities, such as the financing of fossil fuels. On the other hand, however, it is also reflected in our efforts to continually reduce our own ecological footprint.
Commerzbank AG's banking operations in Germany have been climate-neutral since the beginning of 20151. Since 2021, this has also applied to Commerzbank AG's international locations. Remaining greenhouse gas emissions are offset by the purchase and retirement of high-quality CO₂ certificates. With respect to the compensation, the integrity of the emission reduction projects and the certificates generated from them is essential to create an appropriate CO₂ offset. We have therefore defined clear principles for the selection of projects.
To achieve the net zero target2 in banking operations by 2040, we are always working to reduce our CO₂ footprint.
The general rule at the bank is: "Reduction comes before compensation." After all, the best emissions are those that do not occur in the first place.
Offsetting our CO₂e footprint
The compensation is calculated on the basis of the direct and indirect greenhouse gas emissions of Commerzbank AG, including employee commuting, which are recorded annually, verified externally and published in the GRI Report. Until 2020, this applied to the domestic locations; since 2021, the foreign branches have also been recorded. 80 % of the CO₂e emissions expected for the current year are already offset in the course of the year. The remaining amount follows after submission of the verified CO₂e emissions data in the following year.
Project selection criteria
Certificate quality
The majority of offsetting is carried out using CO₂ certificates of the Certified Emission Reductions (CER) type generated under the UN-regulated Clean Development Mechanism. CO₂ certificates generated under voluntary mechanisms are eligible for offsetting, provided projects and certificates are verified under the Verra Verified Carbon Standard, Gold Standard or Plan Vivo. This ensures that a CO₂ reduction occurs or will occur in the future and is permanent. It also ensures that an additional CO₂ reduction takes place that would not have been realised anyway. Furthermore, with these standards, proof of the actual CO₂ reduction is provided by independent third parties. When it comes to offsetting CO₂ emissions from business travel, we go one step further and use offset projects of the highest quality (Gold Standard).
Technologies for CO₂ avoidance
When selecting projects, we attach importance to a link with the bank's core business. In particular, we want to support projects in the areas of renewable energy and energy efficiency, provided they are not large-scale industrial projects. However, since Commerzbank is also concerned about preserving biodiversity, forestry projects may be included to a lesser extent.
Projects countries
Although emissions are mainly caused by industrialised nations, the consequences of climate change hit people in less developed countries first and hardest. That is why we want to support climate protection projects in developing countries in particular. Up to 20 percent of emissions can be offset in emerging countries. Projects in industrialised countries, on the other hand, are excluded. In order to establish a link to our core business here as well, preference is given to projects in countries where Commerzbank itself is active.
Climate protection in banking operations, Our memberships and initiatives
Initiative
, Science Based Targets Initiative (SBTi)We have set ourselves the goal of reducing the CO₂ footprint of the bank's entire loan and investment portfolio to net zero by 2050 at the latest. To make this approach comprehensible, we have joined the Science Based Targets Initiative (SBTi). The SBTi advocates the reduction of greenhouse gases on the basis of scientifically calculated targets. This enables companies to align their climate policies with the goals of the Paris Climate Agreement and effectively counteract climate change.
Initiative
, Net-Zero Banking Alliance (NZBA)In April 2021, we joined the Net-Zero Banking Alliance, the financial initiative of the United Nations Environment Programme (UNEP FI) and are one of its first signatories. The goal of the voluntary commitment as a member bank of the NZBA is to reduce the CO₂e balance of the bank's entire loan and investment portfolio to net zero by 2050 at the latest.
- 1
Commerzbank defines climate neutrality as follows:
Climate neutrality is achieved as soon as an organization fully offsets its existing greenhouse gas emissions in arithmetical terms. This complete compensation is achieved through the purchase of so-called CO₂ certificates. CO₂ certificates refer to climate protection projects that can serve both CO₂ avoidance and CO₂ removal. - 2
Net Zero: State in which an organization, after all technically and scientifically possible efforts to reduce greenhouse gas emissions, arithmetically has no more greenhouse gas emissions. Unavoidable emissions are offset exclusively by CO₂ removal measures.
30,000 tons (12/2024), Biogas in Brazil
- CTL Landfill Gas Project
- Projekt 12062
- Standard: Gold Standard
The project activity has the objective to capture and to flare/combustion the landfill gas produced in the landfill called “Central de Tratamento de Resíduos Leste – CTL”, located in the city of São Paulo (in the state of São Paulo), Brazil. The project activity will result in greenhouse gas (GHG) emission reduction from the CTL landfill through two ways:
- Burning methane in group generators leads to less GHG emissions.
- The amount of electricity generated in the project activity will be part used for self-consumption at CTL landfill facilities and the surplus part will be exported to the Brazilian national grid, avoiding the dispatch of an equal amount of energy produced by fossil fuels to that grid.
25,000 tons (09/2024), Windpower in Mauritania
- Nouakchott 30 MW Wind Power plant
- Project: 1733
- Standard: VCS
Installed on the coast of Mauritania, the wind power plant with a total capacity of 30 MW makes a decisive contribution to the diversification and sustainability of domestic energy supply, through the annual emission reduction of 66,000 tons of CO₂. The project demonstrates the use of advanced technologies to exploit renewable energy resources in less developed countries. By providing electricity for around 140,000 inhabitants and covering around 14 % of the electricity needs of the capital Nouakchott, the wind power plant marks a significant step forward in reducing dependence on fossil fuels.
2,397 tons (03/2024), Mangroves in Pakistan
- Delta Blue Carbon-1
- Project 2250
- Standard: VCS
The Delta Blue Carbon-1 (DBC-1) project enables the reforestation and planting of approximately 226,000 hectares of a degraded tidal wetland in one of the 40 biologically richest ecoregions in the world. The mangrove ecosystem is located in an endangered dry area that is home to 11 globally threatened species. The aim of the project is to prevent the imminent loss of biodiversity in habitats and coasts through the successful regeneration of mangroves. In addition, the project contributes to improving the financial security and well-being of communities around the project area by using mangrove management agreements to work in partnership with local forest-dependent communities. In total, the project will reduce emissions by 127 million tonnes of CO₂ over a period of 60 years.
Compensation Projects 2023
7.603 tons (03/2024), Mangroves in Pakistan
- Delta Blue Carbon-1
- Project 2250
- Standard: VCS
The Delta Blue Carbon-1 (DBC-1) project enables the reforestation and planting of approximately 226,000 hectares of a degraded tidal wetland in one of the 40 biologically richest ecoregions in the world. The mangrove ecosystem is located in an endangered dry area that is home to 11 globally threatened species. The aim of the project is to prevent the imminent loss of biodiversity in habitats and coasts through the successful regeneration of mangroves. In addition, the project contributes to improving the financial security and well-being of communities around the project area by using mangrove management agreements to work in partnership with local forest-dependent communities. In total, the project will reduce emissions by 127 million tonnes of CO₂ over a period of 60 years.
10,000 tons (09/2023) + 7,365 (12/2023), Wind energy in Chile
- Cururos Wind Farm Project
- Project 3567
- Standard: Gold Standard
The Cururos Wind Farm Project includes two wind farms (“El Pacifico" and “La Cebada") with a total installed capacity of 109.6 MW and an average generation of 290 GWh per year. By replacing fossil-fuel based power in the grid, it has the capacity to reduce greenhouse gas emissions by around 173,819 tCO₂e per year. The project will also contribute to the sustainable development of the country and region by decreasing the dependency on limited non-renewable resources, generate employment opportunities, contribute to the transfer of clean technology, and create new direct and indirect income sources.
18,000 tons (01/2024), Windpower in Mauritania
- Nouakchott 30 MW Wind Power plant
- Project: 1733
- Standard: VCS
Installed on the coast of Mauritania, the wind power plant with a total capacity of 30 MW makes a decisive contribution to the diversification and sustainability of domestic energy supply, through the annual emission reduction of 66,000 tons of CO₂. The project demonstrates the use of advanced technologies to exploit renewable energy resources in less developed countries. By providing electricity for around 140,000 inhabitants and covering around 14 % of the electricity needs of the capital Nouakchott, the wind power plant marks a significant step forward in reducing dependence on fossil fuels.
3,500 tons (06/2023), Cooking stoves in Zambia
- ASC CLEAN COOKING POA - VPA 1
- Project 11145
- Standard: Gold Standard
The goal of the project is to distribute improved cooking stoves (ICS) to households in Zambia where firewood is the primary energy source for cooking and mostly open 3-stone fireplaces are used. The ICSs use biomass fuels more efficiently, reduce greenhouse gas emissions as well as particulate emissions, and thus improve indoor air quality in the households. Due to the higher thermal efficiency of the ICS compared to the 3-stone fireplaces, the ICS reduces the amount of non-renewable biomass fuel required to achieve similar thermal energy demand.
30,000 tons (06/2023), Wind energy in Guatemala
- San Antonio El Sitio Wind Power Project
- Project 6973
- Standard: CER
The project consists of 16 wind turbines with a total capacity of 55.2 MW. San Antonio El Sitio is expected to generate 135,654.59 GWh annually, as well as 81,392 tCO₂e of emission reductions. The project helps reduce energy costs as well as increase employment opportunities, and also includes investment flows into the country to promote the use of replicable clean energy technologies.
Compensation projects 2022
16,560 tons (04/2023), Wind energy in Mauritania
- Nouakchott 30 MW Wind Power plant
- Project 1733
- Standard: VCS
The project includes a new 30 MW wind power plant near Nouakchott, the capital of Mauritania. It consists of 15 wind turbines with a capacity of 2 MW that capture kinetic wind energy and convert it into electrical energy. The project is the first large-scale wind power plant in the country and replaces the fossil-intensive electricity of Mauritania's grid with clean and renewable energy. The project is expected to generate approximately 105,000 MWh and 75,316 tCO2e of emission reductions per year.
10,000 tons (11/2022) + 2,500 tons (04/2023), Wind energy in South Africa
- Longyuan Mulilo De Aar 2 North Wind Energy Facility
- Project 1950
- Standard: VCS
The wind farm in the Northern Cape province of South Africa consists of 96 wind turbines and produces 144 MW of electricity, which is fed into the South African grid. South Africa meets most of its electricity needs from coal, so the wind farm will result in a total annual reduction of 433,929t CO2e. The project thus contributes to the promotion and development of wind energy technology in South Africa.
3,500 tons (09/2022), Cooking stoves in Mali
- Bamako Clean Cookstoves
- Project 301896
- Standard: Gold Standard
The project "Bamako Cookstoves" produces locally efficient cooking stoves of the model "Sewa", which require 30-40% less coal or firewood compared to the traditional open fireplace. Reduced consumption alleviates pressure on local forests and removes financial burden from families caused by rising fuel costs. In addition, people breathe in less smoke that is harmful to their health than from open fireplaces.
10,000 tons (09/2022) + 5,680 tons (04/2023), Solar power plants in India
- Renewable Solar Power Project
- Project 2059
- Standard: VCS
The construction of solar power plants in the Indian state of Madhya Pradesh with an installed capacity of 250MW will feed green electricity into the local grid and thus replace fossil fuels. This is expected to save approximately 389,911 tons of CO2 equivalents annually. In addition to promoting solar technology in India, this project will support temporary and permanent jobs for the local population in the construction and operation of the plants.
30,000 tons (02/2022), Hydroelectric power plant in Laos
- Nam Mang 1 Hydropower Project
- Project 10399
- Standard: CDM
The Nam Mang 1 hydropower project is located in Bolikhamsai province in central Laos. The installed capacity of the project is 64 MW and a resulting annual export of approximately 224,800 MWh to the regional power grid. The hydropower plant is expected to be responsible for an annual saving of approximately 125,775 tons of CO2 equivalent. The electricity generated is expected to benefit local residents and industry.
Compensation projects 2021
10,000 tons (02/2022), Wind power in Mexico
- Oaxaca II Wind Energy Project
- Project 5894
- Standard: CDM
The wind farm, which consists of 68 turbines, is located in the Mexican state of Oaxaca. The plant increases the share of renewable energies in the region's electricity mix and thus reduces the use of fossil energy sources. With a capacity of 102 megawatts, the wind energy project saves around 240,160 metric tons of CO2 equivalents annually. The wind farm also improves the electricity supply in isolated regions of the country and meets the growing demand for electricity in a climate-friendly way.
20,000 tons (02/2022), Hydroelectric power plant in Laos
- Nam Mang 1 Hydropower Project
- Project 10399
- Standard: CDM
The Nam Mang 1 hydropower project is located in Bolikhamsai province in central Laos. The installed capacity of the project is 64 MW and a resulting annual export of approximately 224,800 MWh to the regional power grid. The hydropower plant is expected to be responsible for an annual saving of approximately 125,775 tons of CO2 equivalent. The electricity generated is expected to benefit local residents and industry.
6,849 tons (12/2021 + 02/2022), Photovoltaics in Thailand
- Power Plant Project
- Project 4273
- Standard: Gold Standard
The project activity includes the installation of ten photovoltaic (PV) power plants developed by Siam Solar Energy 1 CO., Ltd (SSE1) in Kanchanaburi and Suphanburi province in Thailand. The total installed capacity of ten solar power plants is 104.7 MW, which can export electricity to the grid at about 148,477 MWh per year. Each plant has an individual grid connection subject to individual Power Purchase Agreements (PPAs) with the Provincial Electric Authority (PEA) of Thailand.
20,000 tons (06/2021), Wind power in Colombia
- Jepirachi Wind Power
- Project 0194
- Standard: CDM
The project involves the development of a wind power plant with a nominal capacity of 19.5 MW in the Wayuu indigenous territory in the northeastern region of Colombia's Atlantic coast, in the municipality of Uribia in the department of Guajira. The electricity supplied to the grid by the project would otherwise have been generated by the operation of grid-connected power plants and by the addition of new generation sources, as shown by the combined margin (CM) calculations.
10,000 tons (04/2021), Solar stove in China
- Heqing Solar Cooker
- Project 5106
- Standard: CDM
49,000 solar thermal stoves avoid the emission of 143,762 tons of CO2 equivalent per year in China's Gansu province by replacing the usual fuel, coal, with solar energy. The rural population saves the cost of fuel and benefits from better air quality in the shelters. At the same time, the local economy is supported, receiving more than five million US dollars for the production of the solar thermal stoves.
4.297 (10/2021), Hydropower in Laos
- Xekaman Hydropower
- Project 5583
- Standard: CDM
The hydropower plant with collection basin is located on the Nam Pagnou River, a tributary of the Xekaman, in southern Laos near the Vietnamese border. The project serves the growing demand for electricity in Vietnam and is part of a Vietnamese-Laotian partnership for energy development. The hydropower plant produces nearly 980 GWh per year with an installed capacity of 250 MW. The Xekaman 3 hydropower plant helps reduce greenhouse gas emissions of about 499,500 tCO2 annually by replacing electricity generated largely by fossil means in Vietnam. For Laos, this project is of great importance. It was the first registered CDM project to promote renewable energy.
Compensation projects 2020
1,000 tons (04/2021), Wind power in Vietnam
- Bac Lieu Province Wind
- Project 7250
- Standard: Gold Standard
The Gold Standard project in the Vietnamese province of Bac Lieu is the first wind power plant off the coasts of Vietnam. Its 62 turbines with a capacity of 99.2 MW cover an area of 540 hectares in the Mekong Delta and save around 144,000 tons of CO2 annually. The electricity generated is fed into the national grid, reducing both the need for fossil fuels and dependence on energy imports. At the same time, it helps meet the steadily growing demand of the emerging country. The neighboring population also benefits from the project through newly created jobs in construction, maintenance and tourism.
7,817 tons (04/2021), Wind power in Costa Rica
- Guanacaste Wind Farm
- Project 4147
- Standard: CDM
The wind farm in Costa Rica consists of 55 wind turbines and, with a total output of 49.5 megawatts, generates an annual energy yield of 245 gigawatt hours. Costa Rica and its population benefit in many ways from the project, which was realized together with German partners. Until now, electricity during the dry season (December to May) had to be produced mainly with diesel generators or imported at high cost. The project thus promotes a climate-friendly energy supply, creates jobs and contributes to the independence of the Central American country from expensive electricity imports.
10,000 tons (12/2020), Forest conservation in Zambia
- Luangwa Community Forests Project
- Project 1775
- Standard: VCS
Luangwa Community Forests Project (LCFP) in Zambia protects almost 1 million hectares of forest from deforestation. They thus continue to be available as CO2 reservoirs, so that around 700,000 metric tons less CO2 are emitted each year. At the same time, biodiversity is preserved as the forest continues to serve as a habitat for wildlife. To this end, the LCFP is working closely with local communities to develop projects that create alternative and at the same time sustainable sources of income, such as honey production. In addition, the LCFP attaches importance to actively involving the population and letting them take responsibility for environmental protection themselves. For this purpose, it trains local employees for the protection of the forests and thus offers them permanent employment.
20,000 tons (09/2020), Wind power in Pakistan
- Foundation Wind-Energy-II
- Project 9314
- Standard: CDM
The wind farm project is building wind turbines with a total production capacity of 50 MW in Karachi, Pakistan. The Pakistani operator, the Fauji Foundation, feeds the electricity generated into the WAPDA (Water and Power Development) power grid. WAPDA is the only power producer in the region and has largely used fossil fuels. The new wind farm displaces 143,700 MWh with "zero-emissions" electricity, which means an annual emissions reduction of 88,720 tons of CO2.
5,000 tons (06/2020), Hydropower in Peru
- El Platanal Hydropower Plant
- Project 2426
- Standard: CDM
El Platanal is a hydroelectric power plant located in the basin of Peru's Cañete River, 150 km south of the capital Lima. The renewable electricity generated by the power plant is fed into the Peruvian national electricity grid (SEIN). The installed capacity of El Platanal is 220 MW, and the expected average electricity generation is 1,063 GWh per year.
11,803 tons (05/2020 + 04/2021), Hydropower in Pakistan
- Community-Based Renewable Energy Development
- Project 1713
- Standard: CDM
Located in northern Pakistan, the project invests in micro and mini hydropower projects. The expansion of this renewable energy generation makes it possible to replace diesel generators and ensure the supply of remote rural communities. This both reduces global CO2 emissions and introduces a modern energy supply. In addition, these investments lead to an improvement in the living standards of approximately 150,000 people, who benefit from reduced air pollution and improved economic opportunities. The hydropower plants, which range in capacity from 30kW to 800kW, can collectively save up to 87,477 tons of CO2 annually.
20,000 tons (05/2020), Metro in India
- Delhi Metro
- Project 4463
- Standard: CDM
The expansion of the metro system in India's capital New Delhi is enabling a shift in commuting from private vehicles to public transport. This is more environmentally friendly, safer and faster. This contributes to reducing the carbon footprint per passenger kilometre transported and reduces the volume of traffic on the roads, leading to additional savings in CO2 emissions through more fluid traffic. This will save a total of around 516,300 tons of CO2 annually. The project includes the purchase of new trains, upgrading of the line, advance ticket sales with rechargeable electronic cards, new turnstiles at the entrance to each station, and centralized, coordinated train control.
Compensation projects 2019
31,552 tons (12/2019 + 04/2020), Hydropower in Laos
- Xekaman Hydropower
- Project 5583
- Standard: CDM
The hydropower plant with collection basin is located on the Nam Pagnou River, a tributary of the Xekaman, in southern Laos near the Vietnamese border. The project serves the growing demand for electricity in Vietnam and is part of a Vietnamese-Laotian partnership for energy development. The hydropower plant produces nearly 980 GWh per year with an installed capacity of 250 MW. The Xekaman 3 hydropower plant helps reduce greenhouse gas emissions of about 499,500 tCO2 annually by replacing electricity generated largely by fossil means in Vietnam. For Laos, this project is of great importance. It was the first registered CDM project to promote renewable energy.
20,182 tons (08. + 12/2019), Renewable energies in Thailand
- Small-Scale Renewable Energy Program
- Project 6222
- Standard: CDM
The aim of the program is to increase the share of renewable energies in the Thai power grid and thus reduce CO2 emissions. To this end, the widespread introduction of small-scale systems for generating electricity from renewable energy sources is being promoted. Possible technologies include wind power, photovoltaic and concentrated solar power, run-of-river hydropower, biomass-based power, and biogas-based power generation. The overarching and long-term purpose is to strengthen renewable power generation by providing a platform to facilitate the transition to a low-carbon economy by providing additional financial support for renewable energy through international carbon markets.
13,722 tons (08/2019), Wind power in Sri Lanka
- Mampuri Wind Power Project 2
- Project 7374
- Standard: CDM
The wind farm on the windy coastal belt of Sri Lanka's northwest coast generates 10.5 MW of wind-based electricity, saving 16,255 tons of CO2 emissions annually. The project is the first of its kind in this rural region, where electricity would otherwise be generated mostly from fossil fuels. It thus closes a supply gap in an environmentally friendly way. There are also positive socio-economic and technical spin-offs: The investments help the development of the region and provide job opportunities for the inhabitants of Mapur village. In addition, the modern turbine technology helps with the infrastructural development of the country.
6,000 tons (04/2019), Solar thermal energy in India
- Godawari Solar Thermal Power India
- Project 7379
- Standard: Gold Standard
Located in northern India (Jaisalmer district), the solar thermal power plant project generates clean electricity using parabolic trough technology. The rapidly growing population of the state of Rajasthan, where the project is located, not only benefits from an alternative to energy generation from burning fossil fuels. The plant, which has a capacity of 50 MW, is calculated to save 113,000 tons per year in carbon dioxide emissions and can provide 119,000 MWh annually to the power grid. These aspects ensure cleaner air, sustainable development of India and also contribute to other social benefits for the population: 2% of the revenue from the sale of CO2 certificates goes to non-profit development projects in the region, alleviating poverty and improving infrastructure.
25,000 tons (03/2019), Hydropower in Nepal
- Micro hydro power plants
- Project 3653
- Standard: CDM
The micro hydropower plants in Nepal make it possible to supply the local, predominantly rural population with electricity, thus combating dependence on firewood and diesel energy. The project consists of micro power plants with an output of 5 to 500 kW and has a total capacity of up to 15 MW. It thus saves around 40,500 tons of CO2 annually. In addition, the project contributes to poverty reduction in rural areas, as the hydropower plants are managed by the local population. Furthermore, access to the power grid reduces the use of lead-acid batteries and accumulators, which generate chemical pollution and health problems.
11,494 tons (03/2019), Water power in Vietnam
- Tra Xom Hydropower Vietnam
- Project 6103
- Standard: CDM
The Tra Xom hydropower plant in the Vietnamese province of Binh Dinh is connected to the national power grid and replaces traditional fossil energy sources in it. The power plant has two units with a total capacity of 20 MW. It contributes to a more stable power supply with renewable energy and saves about 41,161 tons of CO2 annually. The project also promotes the social and economic development of the region by improving the local infrastructure. This benefits the Bana minority living there in particular.
Compensation projects 2018
10,614 tons (01/2019), Solar energy in Thailand
- Lopburi Solar Power Plant
- Project: TH 5082
- Standard: CDM
The solar energy plant in Thailand, with an output of 73 megawatts, saves around 68,000 metric tons of CO2 equivalents per year. Located in Lopburi province, the photovoltaic plant helps reduce the use of fossil fuels and thus greenhouse gas emissions in Thailand. The project makes the country independent of fluctuating oil and coal prices and supports the trend towards renewable energy. It meets the rising demand for electricity and creates jobs. In addition, a cooperation with the Japanese Sharp Corporation promotes the transfer of technology and know-how.
15,000 tons (01/2019), Hydropower in Mali
- Félou Regional Hydropower
- Project ML 3090
- Standard: CDM
The run-of-river power plant on the Senegal River in Mali generates around 330 gigawatt hours annually for the power grid in Mali, Mauritania and Senegal. The electricity generated saves around 191,800 tons of CO2 annually in the region's coal-intensive electricity mix. The project also creates jobs and promotes a more stable power supply in the tri-border region. In the future, neighbouring households that have so far been without electricity will also be connected to the power grid.
8,000 tons (12/2018), Solar plant in India
- 5MW Solar PV Power Plant
- Project IN 9610
- Standard: Gold Standard
The solar plant is located in northern India in the state of Rajasthan. The 5MW plant generates an average of 9.128 MWh of electricity per year and feeds it into the North-East-West-North East (NEWNE) grid, which depends mainly on fossil energy. As a result, the project helps close the gap on electricity shortages and increases the share of renewable energy in the electricity mix. The calculated reduction of greenhouse gases is about 8,700 tCO2e per year. In addition, the Gold Standard project creates jobs and infrastructure in the region.
25,000 tons (12/2018), Wind power in Costa Rica
- Guanacaste Wind Farm
- Project 4147
- Standard: CDM
The wind farm in Costa Rica consists of 55 wind turbines and, with a total output of 49.5 megawatts, generates an annual energy yield of 245 gigawatt hours. Costa Rica and its population benefit in many ways from the project, which was realized together with German partners. Until now, electricity during the dry season (December to May) had to be produced mainly with diesel generators or imported at high cost. The project thus promotes a climate-friendly energy supply, creates jobs and contributes to the independence of the Central American country from expensive electricity imports.
20,000 tons (06/2018), Hydropower in Vietnam
- Khe Bo Hydropower
- Project 9036
- Standard: CDM
The hydropower plant on the Ca River in the Vietnamese province of Nghe An is connected to the national power grid and replaces traditional, high-emission energy sources such as coal and gas. Located on a 9.6 km² reservoir, the power plant can generate 100 MW of power. It thus contributes to improving air quality and saves around 242,400 tons of CO2 annually. In addition, the project promotes the social and economic development of the region by driving the local economy and helping to supply remote areas with electricity.
20,217 tons (03/2018 + 04/2019), Hydropower in Nepal
- Micro hydro power plants
- Project 3653
- Standard: CDM
The micro hydropower plants in Nepal make it possible to supply the local, predominantly rural population with electricity, thus combating dependence on firewood and diesel energy. The project consists of micro power plants with an output of 5 to 500 kW and has a total capacity of up to 15 MW. It thus saves around 40,500 tons of CO2 annually. In addition, the project contributes to poverty reduction in rural areas, as the hydropower plants are managed by the local population. Furthermore, access to the power grid reduces the use of lead-acid batteries and accumulators, which generate chemical pollution and health problems.
10,190 tons (03/2018), Solar stove in South Africa
- SASSA Low Pressure Solar Water Heater Programs
- Project 4302
- Standard: CDM
A project with environmental and social benefits: The Solar Academy of Sub Saharan Africa (SASSA) provides free solar water heaters to low-income households in South Africa. Each water heater has a daily heat capacity of 13,692 megajoules, which equates to an electricity savings of 1.38 MWh per year. Thus, each solar water heater avoids approximately 1.3 tons of CO2 annually - or the entire program 76,945 tons of CO2 per year. The project has created 800 new jobs and significantly improved the quality of life for over 80,000 households.
15,000 tons (03/2018), Hydropower in Brazil
- Araputanga Centrais Elétricas S. A.
- Project BR 503
- Standard: CDM
The hydropower plant is located on the Jauru River, in Mato Grosso in Midwest Brazil. It consists of three smaller hydropower plants with a total capacity of 76.07 megawatt hours, which help to meet the constantly growing energy demand of the emerging country. The electricity generated in this way increases the share of renewable energy in Brazil and saves around 99,300 tons of CO2 per year.
Compensation projects 2017
14,941 tons (12/2017 + 04/2018), Hydropower in Brazil
- Araputanga Centrais Elétricas S. A.
- Project BR 503
- Standard: CDM
The hydropower plant is located on the Jauru River, in Mato Grosso in Midwest Brazil. It consists of three smaller hydropower plants with a total capacity of 76.07 megawatt hours, which help to meet the constantly growing energy demand of the emerging country. The electricity generated in this way increases the share of renewable energy in Brazil and saves around 99,300 tons of CO2 per year.
20,000 tons (11/2017), Cooking stoves in Honduras
- Improved Cookstoves Program
- Project PoA 9176
- Standard: CDM
The "Vida Mejor con Ecofogones de Alto Rendimiento" project in Honduras provides newly developed, efficient stoves to the local population in Honduras. These stoves require less fuel such as charcoal or firewood - despite increased efficiency. This reduces deforestation and costs for heating material or the time needed to collect firewood. In addition, by improving the combustion process, fewer greenhouse gases and other harmful substances such as carbon monoxide are emitted. The project will save around 42,222 metric tons of CO2 equivalents per year.
30,000 tons (09 + 11/2017), Hydropower in Mali
- Félou Regional Hydropower
- Project ML 3090
- Standard: CDM
The run-of-river power plant on the Senegal River in Mali generates around 330 gigawatt hours annually for the power grid in Mali, Mauritania and Senegal. The electricity generated saves around 191,800 tons of CO2 annually in the region's coal-intensive electricity mix. The project also creates jobs and promotes a more stable power supply in the tri-border region. In the future, neighbouring households that have so far been without electricity will also be connected to the power grid.
20,000 tons (06/2017), Wind power in Costa Rica
- Guanacaste Wind Farm
- Project 4147
- Standard: CDM
The wind farm in Costa Rica consists of 55 wind turbines and, with a total output of 49.5 megawatts, generates an annual energy yield of 245 gigawatt hours. Costa Rica and its population benefit in many ways from the project, which was realized together with German partners. Until now, electricity during the dry season (December to May) had to be produced mainly with diesel generators or imported at high cost. The project thus promotes a climate-friendly energy supply, creates jobs and contributes to the independence of the Central American country from expensive electricity imports.
6,000 tons (01/2017), Wind power in Vietnam
- Bac Lieu Province Wind
- Project 7250
- Standard: Gold Standard
The Gold Standard project in the Vietnamese province of Bac Lieu is the first wind power plant off the coasts of Vietnam. Its 62 turbines with a capacity of 99.2 MW cover an area of 540 hectares in the Mekong Delta and save around 144,000 tons of CO2 annually. The electricity generated is fed into the national grid, reducing both the need for fossil fuels and dependence on energy imports. At the same time, it helps meet the steadily growing demand of the emerging country. The neighbouring population also benefits from the project through newly created jobs in construction, maintenance and tourism.
12,491 tons (01/2017), Hydropower in Brazil
- Malagone SHP CDM
- Project: 4676
- Standard: CDM
With 19 MW of installed capacity, the "Malagone" hydropower plant in southeastern Brazil saves 27,552 metric tons of CO2 equivalents annually. The small plant uses hydropower from the Uberabinha River and feeds the electricity generated into the local power grid. As a result, the project increases the share of green energy in Brazil and helps meet the growing demand for electricity in a renewable way. With a reservoir of only 1.27 square kilometres, the plant has little impact on the environment.
Compensation projects 2016
12,180 tons (01/2017), Hydropower in Chile
- Chacabuquito Hydroelectric
- Project CL1052
- Standard: CDM
The Chaqabuquito run-of-river power plant northeast of the Chilean capital Santiago comprises four turbines with a total capacity of 26 megawatts. It supplies green electricity both for the neighbouring population and for the national power grid and saves around 54,100 tons of CO2 annually. In addition to its contribution to the energy transition in Chile, the project guarantees permanent jobs in construction and maintenance. In addition, 18 hectares of forest in the region were reforested during implementation and the connection of isolated villages was ensured through the construction of new bridges.
22,558 tons (12/2016), Hydropower in Vietnam
- DaKrong 2 Hydropower
- Project 8054
- Standard: CDM
The DaKrong 2 Hydropower Project in Vietnam's Quang Tri province generates electricity from renewable hydropower on the Dakrong River, contributing to the sustainability of the Vietnam Power Grid's electricity generation. DaKrong 2 reduces greenhouse gas emissions by 41,154 metric tons of CO2 equivalent annually by displacing predominantly fossil fuel-based power generation. The project has a total capacity of 18 MW and consists of two 9 MW turbines. It provides employment and contributes to the rural electrification program. In addition, access roads from the project development improve the local transportation network.
8,343 tons (12/2016), Hydropower in Vietnam
- Song Mien 5 Hydropower Project
- Project 6203
- Standard: CDM
The hydropower plant on the Song Mien River in Vietnam uses a new water turbine and generators to convert the river's energy potential into electricity. The project saves 37,852 tons of CO2 annually. It promotes the industrialization of the province and the local economy through tourism, trade and services. The jobs created for construction and operation contribute directly to poverty alleviation in the region.
4,035 tons (12/2016), Hydropower in Uganda
- West Nile Electrification Project
- Project 0775
- Standard: CDM
The West Nile Electrification Project in Uganda aims to develop remote regions, fight poverty and protect the environment through CO2-neutral hydropower. The 3.5-megawatt hydropower plant on the Nyagak River will make it possible to save 14,885 tons of CO2 annually. The project also upgrades and expands transmission networks to neighbouring communities, connecting some 4,000 additional customers to the power grid. The project thus promotes the socio-economic development of the West Nile province.
4,000 tons (12/2016), Wind power in Costa Rica
- Los Santos Wind Farm
- Project CR6275
- Standard: CDM
The Los Santos wind farm is located in the windy mountains of Costa Rica, where the Pacific and Atlantic weather systems meet. The operator is "Coopesantos", a rural electrification cooperative that aims to supply the participating communities with electricity from wind power. Fifteen turbines generate a total rated capacity of 12.75 MWe, or 33% of the electricity needs of its approximately 37,000 members. The wind farm reduces around 15,000 tons of CO2 annually. The project is also characterized by a very high level of participation: Coopesantos organized workshops in more than a dozen communities around the wind farm to finance the project. A local participation program was established to return project revenues to local members of the cooperative. By creating jobs in this rural area, the rural exodus is reduced. In addition, revenues from the sale of carbon credits are used for several social and environmental education programs developed by the cooperative.
12,202 tons (10/2016), Wind power in the Philippines
- NorthWind Bangui Bay Project
- Project 0453
- Standard: CDM
The North Wind Bangui Bay Project in the Philippines contributes to the country's sustainable economic development goals by providing environmentally sound electricity. The wind farm comprises 15 wind turbines, each with a rated output of 1,650 kW, for a total capacity of 24.75 MW. The annual energy production is estimated at 74.48 GWh. In addition, the project includes the construction of a 50-kilometer overhead transmission line to transmit power to the substation in Laoag City. The project will avoid 43,696 tons of CO2 annually.
20,000 tons (09/2016), Solar stove in South Africa
- SASSA Low Pressure Solar Water Heater Programs
- Project 4302
- Standard: CDM
A project with environmental and social benefits: The Solar Academy of Sub Saharan Africa (SASSA) provides free solar water heaters to low-income households in South Africa. Each water heater has a daily heat capacity of 13,692 megajoules, which equates to an electricity savings of 1.38 MWh per year. Thus, each solar water heater avoids approximately 1.3 tons of CO2 annually - or the entire program 76,945 tons of CO2 per year. The project has created 800 new jobs and significantly improved the quality of life for over 80,000 households.
6,000 tons (05/2016), Solar power in Thailand
- Solar Power Company 94 MW Solar PV
- Project 8625
- Standard: Gold Standard
The Solar Power Project operates twelve solar plants in the northeast of Thailand to feed into the local power grid. Currently, 90% of electricity in Thailand is still generated from fossil resources. The solar plants generate approximately 110,000 MWh of green electricity, saving fossil resources that would otherwise be used for power generation. In addition, the Gold Standard project creates jobs and promotes know-how transfer through cooperation with a Japanese PV manufacturer.
20,000 tons (05/2016), Hydropower in Brazil
- Malagone SHP CDM
- Project: 4676
- Standard: CDM
With 19 MW of installed capacity, the "Malagone" hydropower plant in southeastern Brazil saves 27,552 metric tons of CO2 equivalents annually. The small plant uses hydropower from the Uberabinha River and feeds the electricity generated into the local power grid. As a result, the project increases the share of green energy in Brazil and helps meet the growing demand for electricity in a renewable way. With a reservoir of only 1.27 square kilometres, the plant has little impact on the environment.
20,000 tons (02/2016), Wind power in Costa Rica
- Guanacaste Wind Farm
- Project 4147
- Standard: CDM
The wind farm in Costa Rica consists of 55 wind turbines and, with a total output of 49.5 megawatts, generates an annual energy yield of 240 million kilowatt hours. Costa Rica and its population benefit in many ways from the project, which was realized together with German partners. Until now, electricity during the dry season (December to May) had to be produced mainly with diesel generators or imported at high cost. The project thus promotes a climate-friendly energy supply, creates jobs and contributes to the independence of the Central American country from expensive electricity imports.
Compensation projects 2015
3,991 tons (11/2015), Cooking stoves in East Africa
- Improved Cook Stoves for East Africa
- Project UG7014
- Standard: Gold Standard
ICSEA is a Gold Standard certified project that aims to bring newly developed, efficient stoves to the people of East Africa. These stoves require less fuel such as charcoal or firewood. This reduces deforestation and the cost of heating fuel, as well as the emission of greenhouse gases associated with combustion. It also reduces the risk of respiratory illnesses triggered by traditional high-emission fireplaces. ICSEA received the 2014 Innovative Energy Project of the Year International Award from the US Association of Energy Engineers. It is the first multi-country CDM project, initially involving Rwanda, Uganda, Burundi, Kenya, South Africa and Lesotho. Other countries are expected to follow. The project currently saves approximately 40,600 tons of CO2e annually. A short information film by the UNCCCDM clearly explains the benefits of this excellent project.
10,000 tons (10/2015), Wind power in Nicaragua
- Amayo 40 MW Wind Power
- Project 2315
- Standard: Gold Standard
The Amayo wind farm in Nicaragua is a Gold Standard project, the strictest standard for climate protection projects in voluntary emissions trading. Consisting of 19 turbines, the wind farm near Managua saves approximately 120,800 metric tons of CO2 equivalents annually. The project is characterized by multiple benefits for the population and nature: The larger electricity supply meets the high energy demand with cheaper electricity. Numerous jobs were created from development to maintenance. In addition, the population benefits from a technology transfer in this area through the first-time use of wind as a resource.
6,000 tons (10/2015), Wind power in Mexico
- Oaxaca II Wind Energy Project
- Project 5894
- Standard: CDM
The wind farm, which consists of 68 turbines, is located in the Mexican state of Oaxaca. The plant increases the share of renewable energies in the region's electricity mix and thus reduces the use of fossil energy sources. With a capacity of 102 megawatts, the wind energy project saves around 240,160 metric tons of CO2 equivalents annually. The wind farm also improves the electricity supply in isolated regions of the country and meets the growing demand for electricity in a climate-friendly way.
8,299 tons (08/2015), Solar power in Thailand
- Lopburi Solar Power Plant
- Project 5082
- Standard: CDM
The solar energy plant in Thailand, with an output of 73 megawatts, saves around 68,000 metric tons of CO2 equivalents per year. Located in Lopburi province, the photovoltaic plant helps reduce the use of fossil fuels and thus greenhouse gas emissions in Thailand. The project makes the country independent of fluctuating oil and coal prices and supports the trend towards renewable energy. It meets the rising demand for electricity and creates jobs. In addition, a cooperation with the Japanese Sharp Corporation promotes the transfer of technology and know-how.
26,948 tons (06/2015), Hydropower in Vietnam
- Nam Mo 3 Hydro Power
- Project 6012
- Standard: CDM
The 10-megawatt hydropower plant in northern Vietnam achieves an energy yield of around 38 GWh and annual savings of almost 22,000 tons of CO2. The small power plant on the Nam Mo River is operated by a local company. In a country where the majority of electrical energy is generated using fossil fuels, the project contributes to reducing CO2 pollution. In addition, the hydropower plant provides added value for the local population through newly created infrastructure and the jobs that have been created.
46,579 tons (04/2015 + 02 + 03/2016), Wind power in Costa Rica
- Guanacaste Wind Farm
- Project 4147
- Standard: CDM
The wind farm in Costa Rica consists of 55 wind turbines and, with a total output of 49.5 megawatts, generates an annual energy yield of 240 million kilowatt hours. Costa Rica and its population benefit in many ways from the project, which was realized together with German partners. Until now, electricity during the dry season (December to May) had to be produced mainly with diesel generators or imported at high cost. The project thus promotes a climate-friendly energy supply, creates jobs and contributes to the independence of the Central American country from expensive electricity imports.
19,266 tons (03/2015), Solar stove in China
- Heqing Solar Cooker
- Project 5106
- Standard: CDM
49,000 solar thermal stoves avoid the emission of 143,762 tons of CO2 equivalent per year in China's Gansu province by replacing the usual fuel, coal, with solar energy. The rural population saves the cost of fuel and benefits from better air quality in the shelters. At the same time, the local economy is supported, receiving more than five million US dollars for the production of the solar thermal stoves.