A project of Masdar Carbon and Abu Dhabi Gas Industries (Gasco) has been registered under the UN’s Kyoto protocol, enabling the two companies to monetise Certified Emission Reductions (CERs) and generate revenues.

The Clean Development Mechanism (CDM) project for which the two Abu Dhabi companies have received registration will earn income as early as next year and throughout the next 10 years according to the project’s crediting period.

The retrofit project for saving fuel gas is expected to generate approximately 7,770 CERs per year, one CER equating to a tonne of carbon dioxide equivalent.

Masdar Carbon is one of five integrated units of Masdar, Abu Dhabi’s multi-faceted initiative advancing the development, commercialisation and deployment of renewable and alternative energy technologies and solutions. Gasco is a subsidiary of Abu Dhabi National Oil Company (Adnoc).

Located at the Asab and Bab gas processing plants in Abu Dhabi, the energy efficiency project has become the fifth CDM project in the UAE to be registered under the Kyoto Protocol. This is also the first Adnoc Group Company registered project and the first project to adopt the CDM methodology 'AMS II-D' of the United Nations Framework Convention on Climate Change (UNFCCC) in the oil and gas sector of the Middle East and North Africa region.