The Kyoto Protocol, which was initially adopted in 1997 and then signed and ratified by 187 countries in 2009, incorporated three market based mechanisms to assist treaty countries in achieving their emission targets--emission trading, clean development mechanisms, and joint implementation. These market based mechanisms also created the opportunity for developing countries such as Ghana to pursue renewable energy projects and generate additional revenue. Our research has identified the opportunity for KIMMINIC to participate in these market based mechanisms.
Carbon Sink Credit
The company’s Jatropha trees provide a source of CO2 sequestering thereby generating significant revenue in the form of carbon credits. Our Jatropha plantations are grown on formerly wooded savannah vegetation where our research has demonstrated an optimum density of 1,500 Jatropha trees per hectare. Each Jatropha tree should sequester a minimum of approximately 0.5 tonnes of CO2 in its 40 year life span. Even with carbon credits trading at approximately $15 per tonne, this additional revenue adds significantly to an already profitable business model.
The information in this article was current at 06 Dec 2011