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Climate project portfolio for OMV


Worldwide, OMV Portfolio
ClimatePartner ID: 7009
Mixed technologiesGet to know the project

Three of the projects supported by OMW are located in Turkey: a hydropower plant in Uluabat (https://climatepartner.com/1304), a wind power project in Balikesir (https://climatepartner.com/1026), and a landfill gas recovery project in Istanbul (https://climatepartner.com/1299).

Two projects are located in China. The Qinghai Delingha Xiehe project generates clean energy by operating two solar PV plants (https://climatepartner.com/1037). The wind farm in Guyuan generates about 530 GWh electricity per year (https://climatepartner.com/1085).

In India, the solar PV plant near Guttigoli annually generates 210 GWh of clean electricity (https://climatepartner.com/1232). The wind farm in Saint Nikola, Bulgaria produces 300 GWh per year (https://climatepartner.com/1100). The project in Brazil protects 148,000 hectares of Amazon rainforest from deforestation (https://climatepartner.com/1280).

Project Standard
The project contributes to the the United Nations' Sustainable Development Goals
Portfolio mix of various technologies

The portfolio includes projects that evidently reduce CO2 emissions using various technologies. These include, for example, the protection of rainforests, energy efficiency measures or the expansion of renewable energies. The income from the sale of proven CO2 savings is necessary to be able to implement climate projects in economically weak regions.

Besides reducing greenhouse gases, the project activities create additional benefits for the environment and local people. Detailed descriptions of the projects and methods for reducing emissions can be found via the respective project links. The portfolio projects are registered with international standards.

The project aims to contribute to these United Nations’ Sustainable Development Goals (SDGs).

Project facts

Climate projects generally fall into one of three groups: carbon reduction, carbon removal, or carbon avoidance. Carbon reduction projects reduce the amount of greenhouse gas emissions produced by a specific activity (e.g., improved cookstoves). Carbon removal projects remove carbon from the atmosphere by sequestering it in carbon sinks (e.g., reforestation). Carbon avoidance projects avoid greenhouse gas emissions entering the atmosphere (e.g., protecting forests from deforestation with REDD+ projects).

All climate projects are based on international standards. They set processes and requirements which carbon projects must fulfill to be recognised as a proven method of reducing carbon emissions.

Climate projects demonstrably reduce, remove, or avoid greenhouse gas emissions. This is achieved with various technologies, ranging from nature-based solutions to social impact projects and renewable energies.
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