News and Events

10.20.2005
Honduras Hydropower Project Makes History Today for the Small Community of La Esperanza

LA ESPERANZA, HONDURAS, October 20, 2005—Another historic milestone in the global carbon market was reached today, when the Executive Board of the Kyoto Protocol’s Clean Development Mechanism (CDM) issued the first ever Certified Emission Reductions (CERs) to two small CDM projects located in Honduras—the La Esperanza Hydroelectric Project and the Rio Blanco Small Hydroelectic Project. The La Esperanza project is selling certified greenhouse gas emission reductions to the World Bank Community Development Carbon Fund (CDCF). In this first issuance of certified emission reductions, La Esperanza’s was a small, but historically important volume of 2,210 CERs.

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