🔆 Carbon Credits — should you care?
African Business Forum at Sheraton Addis was a beautiful congregation of beautiful people in beautiful suits speaking beautiful things.
@gepp @seforall @uneca🟡 The subject of the Forum is little exotic: carbon credits, voluntary carbon markets and compliance/regulatory carbon markets.
🔺 I invite you to decide for yourself if you should be interested in carbon credits.
☝🏾 If you generate 300kW-h for 8 hours, you will use approximately 800 liters of diesel oil per day.
✌🏾 800 liters of diesel oil when burned create 2,112 kilograms of carbon dioxide (CO2)
🖖🏾 In 300 working days, it will be 633.6 tons of CO2. In 5 years - 3,168 tons.
👋🏾 Carbon credit goes for $50-70 per ton. So 5 years of saving the planet will bring you $150,000-200,000, covering roughly 10% of your costs.
✊🏾 The situation will look different if carbon credits can be received for the whole lifespan of solar installation (15 years), and the price will be of at least $100 per ton. This way you will receive $950,000.
✳️ We will be watching African carbon market and inform you about it’s developments.
#ethiopia #solarpower @10 Green Gigawatt for Ethiopia