Energy Saving News
E.ON And MASDAR Set Example To Reduce Carbon Footprint
The German outfit E.ON and the United Arab Emirates' Masdar have joined forces to develop projects aiming to reduce greenhouse gas emissions.
The company's new name is E.ON Masdar Integrated Carbon (EMIC) and its goal is to develop and fund emission reducing projects in the Middle East, Africa and Asia, focusing on oil and gas, but also on power generation, according to a recent statement made by EMIC.
In order to generate income from carbon emissions reduction at industrial facilities, EMIC are looking to set up a carbon credits trade, under a United Nations scheme.
The carbon credits would be traded under the UN's Clean Development Mechanism, which allows developing countries to sell emissions reductions from their energy-intensive industries to help rich countries offset their own contribution to climate change.
EMIC targets technologies with potential to produce a lot of carbon emissions, such as fuel switching for power generation, installation of combined cycle gas turbines at power plants, reduction of gas pipeline leakage and reduction of gas flaring.
Masdar is an initiative owned by the government, and established by Abu Dhabi, to prepare the Emirate for a future energy industry which will be less reliant on oil and gas.
Masdar is already involved in carbon reducing projects in the UAE and Bahrain, and is working to establish a carbon capture and storage network in the UAE.
EMIC's intentions to achieve a reduction of carbon emissions is a great example for companies around the world to follow. At every level of enterprise, effective measures can be implemented to reduce the amount of harmful gases pumped into the atmosphere.
One of these measures is energy efficiency. According to Ken Cheyne, Council Member of the Energy Saving Association (ESA), saving energy is the most cost-effective and efficient way of achieving a real result with regards to carbon emissions from the industrial sector.
Mr. Cheyne believes that saving energy not only conserves the planet's resources but will also reduce the strain put on energy suppliers and limit the occurrence of power supply failures. Energy efficient solutions can be very advantageous from a financial perspective for business owners who will be saving money on energy bills as a result.
Tuesday 19th January 2010
