Rwanda Environment Management Authority (REMA) is sensitizing Rwandans about the carbon market with the objective of earning money from carbon credits acquired from reduced greenhouse gas emissions.
Emissions by developed countries are capped, forcing them to fund cuts in developing countries through buying certified emission reduction permits.
“When you avoid so much emission, you get paid for it. For example you can construct a micro hydro power plant and avoid using generators,” said John Ntazinda, officer in REMA.
Carbon market is one of the tools approved by the Copenhagen meeting on climate change to boost the reduction of carbon emissions.
Ntazinda explained that international agencies were put in place to help the interested parties develop climate-friendly projects.
Ntazinda said that his office helps the interested person select a suitable agency.
“You bring information note which is a summary of your project. Then the secretariat assesses your summary and gives you a non objection letter. Agencies are then suggested for project design,” he said.