About United Nation Framework Convention On Climate
The UNFCCC entered into force on 21 March 1994. Today, it has near-universal membership. The 197 countries that have ratified the Convention are called Parties to the Convention. Preventing “dangerous” human interference with the climate system is the ultimate aim of the UNFCCC.
The proposed project activity involved the installation of Wind Power Projects. The total installed capacity of the project is 80 MW; which involves the operation of 40 Wind Turbine Generators (WTGs) with a capacity of 2 MW, each located at Maharashtra state in India. The project is promoted by Panama Wind Energy Godavari Private Limited.
The power production displaced an equivalent amount of power from the grid, which was fed mainly by fossil fuel-fired power plants. Hence, it resulted in the reduction of GHG emissions. GHG emission reductions from the project activity amounted 136,936 tonnes of CO2 and total GHG emission reductions for the chosen 10 year crediting period amounted 1,369,360 tonnes of CO2.
The project was intended to get registered under the CDM but was delayed due to certain reasons. EKI Energy, however, evaluated the situation and registered the project with Verified Carbon Emission (VCS) mechanism on a deadline basis. Now, Panama is a well-known project in the VCS Market.