Mark Meyrick News

Dutch Utility Pays over Market for CO2 Credits from Nepal Project

Dutch utility Eneco has agreed to pay above market rates for hundreds of thousands of carbon credits to back an environmental project in Nepal under the U.N. scheme to fund emission reduction projects in poor countries. The project, which was registered last week, aims to provide poor households with new wood-burning stoves that require 60 percent less fuel, which helps reduce family fuel bills, air pollution and deforestation as well as improving household health conditions.