UPM’s Sichuan Household Biogas PoA gets 6th issuance of Gold Standard CERs
On 31 October 2019, UPM’s Sichuan Rural Poor-Household Biogas Development Programme (CDM PoA 2898, GS 1239) successfully obtained its sixth issuance with nearly 817,000 Gold Standard CERs, all vintage 2016. After deduction of 2% of issued carbon credits as CDM share of proceeds for climate change adaptation cost assistance, slightly more than 800,000 premium-quality GS CERs will be available for sale.
“After having completed several larger transactions in the voluntary carbon market with GS CERs from our Sichuan Household Biogas PoA throughout this year, we are happy to have filled up our carbon credit stock with another vintage of GS CERs to meet increased carbon offset demand also going forward.” comments Martin Dilger, UPM’s Managing Director.
The next issuance of GS CERs from this high-impact climate protection programme in China is already expected for the first quarter of 2020 and will again generate around 800,000 GS CERs, in this case all of these from vintage 2018.
Your contacts at UPM for the Sichuan Household Biogas PoA and its GS CERs are:
Martin Dilger, Managing Director, UPM Germany
mdilger(at)upm-cdm.eu, T: +49 89 1222197 – 50
Gaiai Guo, Vice General Manager, UPM China
guog(at)upm-cdm.eu, T: +86 10 6468 0500