JT | Mar 26, 2013 | 21:10

AMMAN — The Jordan Biogas Company on Tuesday signed an agreement with Finland’s government to purchase carbon credit from the Ruseifa Landfill under the Clean Development Mechanism (CDM).

As defined in the Kyoto Protocol, the CDM allows a country with an emission reduction or limitation commitment to implement emission-reduction projects in developing countries.

Under the agreement, Finland will purchase carbon emitted from the Ruseifa Landfill, which stands at 115,000 tonnes of certified emission reduction units, at a price of 5.14 euros per unit between the years 2013 and 2017, the Jordan News Agency, Petra, reported.

In September 2009, Jordan received 1.5 million euros in return for selling carbon credits from the Aqaba Thermal Power Station, the first Jordanian venture registered as a CDM project.