Chile-World Bank Climate Projects
World Bank Active Climate Projects in Chile
- CL Securitization and Carbon Sinks Project
- Chile Santiago Composting Project
- Chile Quilleco Hydropower Project
- Chile Hornitos Project (Chacabuquito II)
- Sustainable Transport and Air Quality for Santiago (GEF)
- Chile Sustainable Land Management Project
CL Securitization and Carbon Sinks Project
Chile Santiago Composting Project
"The objective of the Santiago Composting Project for Chile is to build and operate a composting facility to treat urban biodegradable waste and non-toxic wastewater sludge. The plant will use at least 20 percent of the organic waste generated in Metropolitan Santiago. On average, the composting plant will treat approximately 216,000 tons of waste per year that would be disposed in a sanitary landfill if the plant were not constructed. The Santiago Composting Project will mitigate nearly 326,000 tCO2-e per year and will receive Certified Emission Reductions (CERs), often referred as carbon credits. The project will also contribute towards achieving sustainable waste management for the capital city of Santiago. The design and operation of this project, in conjunction with the avoidance of methane emissions and production of compost as a soil amendment (and a source of revenues), will serve as an example to many urban areas in the country that are facing similar waste management challenges. The project will also demonstrate that the carbon credit finance mechanism can catalyze environmentally sustainable and profitable waste management practices. The project in the first of it type in Latin America."
Chile Quilleco Hydropower Project
"The Chile Quilleco Hydroelectric Project aims to provide financial support through a market-based mechanism for private investment in projects in the Chilean power sector that reduce global greenhouse gas emissions, thereby generating Certified Emissions Reductions (CERs,) under the Clean Development Mechanism of the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC). The Quilleco project consists of a 70 MW run-of-river hydropower plant, located on the Laja River, 8 km downstream of the existing Rucue hydropower plant. The project will generate in average about 422 GWh per year, with a firm power capacity of approximately 47 MW. The project will feed into the Central Interconnected System through a 0.5 km 220 kV transmission line connected to the Central Interconnected System. The Netherlands Clean Development Mechanism Facility will purchase 100,000 tCO2e of CERs each year between 2008-2011, and additional CERs produced by the project will be retained by the firm Tractebel - one of Colbun's shareholders."
Chile Hornitos Project (Chacabuquito II)
"The Chile Hornitos Hydropower Project aims to help mitigate global climate change by facilitating the use of market-based mechanisms sanctioned under the Kyoto Protocol through support of clean energy projects. The Netherlands Clean Development Mechanism Facility, through the Bank's carbon Facility Unit, will purchase carbon emissions reductions as they are created through renewable energy-based electricity production under a contract analogous to a power purchase agreement. The project components consist of extending and upgrading the voltage of the existing 66kV transmission line to 220 kV; and making carbon purchases."
Sustainable Transport and Air Quality for Santiago (GEF)
"The Sustainable Transport, and Air quality for Santigo aims to help reduce greenhouse gases (GHG) from ground transport in Santiago through the promotion of a long-term modal shift to more efficient and less polluting forms of transport, and the adoption of sustainable low-GHG transport measures. The project has the following four components. Component 1) will includes the implementation of a three-year program of promotional actions, with the overall objective of increasing bicycle use in the three Comunas. Component 2) will provide technical assistance for evaluating the economic and environmental impact of clean technologies for buses. The tests will be developed using a state of the art emissions laboratory for heavy duty vehicles located at the 3 CV facilities. The business structure of bus services in Santiago has resulted in a costly and environmentally unsustainable surface public transport system. Key issues include: (a) lack of an organizational model that would facilitate efficient public transport operation, (b) dispersed operations that hinder the effective control of bus services and contribute to traffic congestion, (c) lack of professional management among bus operators, and (d) an unattractive image which induces potential bus passengers to use private vehicles instead. The implementation of the bus routes, and more specifically of the trunk routes on segregated busways is expected to allow the road-based public transport system to run more efficiently with a reduced number of buses. Component 3) current tools for policy making rely on the use of transport models inter-phased with an emission model assessing emission changes due to changes in direct transport measures. 4) Developing the Central Ring of Santiago (Anillo Central). It was decided in agreement with the "Mesa de Trabajo Ciudad y Territorio" that the GEF support would focus its intervention through an analysis of the consistency and compatibility of the various sector policies that affect land-use and transport. reduce motor vehicle use within Santiago's city center. This will be done trough the implementation of measures such as traffic calming, pedestrian facilities implementation, and parking restrictions in the area of the Triangulo Central de Santiago. Various studies or a multi-pronged study will be necessary before defining a technically sound politically viable scheme. CONAMA is preparing a project of law to establish a legal and comprehensive ground for the so-called Decontamination Bonds. These are economic instruments designed to place a cap on emissions to the Metropolitan Area of Santiago."