The Norwegian Carbon Procurement Facility contracts ten projects

A total of 18.86 million certified emission reduction units (CERs) have been contracted from ten projects under the Norwegian Carbon Procurement Facility (NorCaP). 

NorCaP was established by the Norwegian Government in September 2013, with Nordic Environment Finance Corporation (NEFCO) as the Facility Manager. The principal objective of NorCaP is to prevent the reversal of emission reduction activities by procuring credits from projects whose survival or continued emission reductions depend on a higher carbon price than achievable under current market conditions (“vulnerable projects”).

The first call for proposals under NorCaP closed in January 2014. A total of 18.86 million CERs have been contracted from 10 projects or bundles of projects at an average price of € 2.19/CER. The contracted projects were selected from 232 project proposals submitted. The key criteria for the selection were vulnerability and cost effectiveness.

 
 Contracted Projects  Host Country  Technology UNFCCC
Reference
Number

Contracted
Volume
(mCERs)

Conversion of SF6 to the Alternative Cover Gas SO2 at Rima Magnesium Production  Brazil SF6 reduction  2486  0.65
N2O emission reduction in nitric acid plant Paulinia, SP, Brazil  Brazil N20
abatement
 1011  0.56
Manaus Landfill Gas Project  Brazil  Landfill gas  4211  1.43
Bundle: Project for the catalytic reduction of N2O emissions with a secondary catalyst inside the ammonia reactor of the No. 9 nitric acid plant    South Africa  N20
abatement
 1711, 1364  1.05
Catalytic N2O destruction project in the tail gas of the nitric acid plant PANNA 3 of Enaex S.A  Chile  N20
abatement
 1229  1.40
Catalytic N2O destruction project at the new nitric acid plant PANNA 4 of Enaex S.A.  Chile  N20
abatement
 5393  0.30
Doña Juana Landfill Gas-to-Energy Project  Colombia  Landfill gas  2554  5.39
Aurá Landfill Gas Project  Brazil  Landfill gas  888  0.95
Fertinal Nitrous Oxide abatement project  Mexico  N20
abatement
 2585  1.09
Caieiras landfill gas emission reduction  Brazil  Landfill gas  171  6.05

A second Call for Proposals (CfP2) which was launched as a joint call with the NEFCO Carbon Fund (NeCF) in September 2014 closed for submissions on 5 December 2014.

For further information:

Ash Sharma, Manager, NorCaP, NEFCO ash.sharma [at] nefco.fi +358 400 811 327

Lia Oker-Blom, Communications Officer, NEFCO, lia.oker-blom [at] nefco.fi +358 50 3256610

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