Alternativas de financiamento de projetos de biogás e geração de energia elétrica em aterros sanitários: estudo de caso

The objective of the present essay is to analyze how to make feasible the financing of projects for the collection of biogas and the generation of electric power in sanitary landfills, inserted into the clean development mechanism (CDM) of the Kyoto’s Protocol. The exploratory research assesses the current stage of the solid residues in Brazil, the means for the financing of sanitation undertakings and the credit limits for the public and private entrepreneurs. It identifies how the credit restrictions to the public sector impair investments, either due to the inability of assuming debts or even due to the lack of payment capacity. The case studies analyzed reveal that the carbon credit is a mechanism that contributes to the feasibility of the process for the transformation of biogas into electric power. The results from the economic and financial analysis of such cases reveal that the electric power generation and trading activity in sanitary landfills is economically not feasible; however, when associated to the revenue from the sale of certified emission reductions (CERs), in the carbon credit market, the undertaking becomes feasible, presenting a positive net present value (NPV), with a capital cost of 15.00% p.a, and provides an internal rate of return (IRR) of 36.19% p.a. It further shows that the electric power generation activity produces a deficit, but its income has a paramount importance in the financial engineering of the structured operations similarly to the project finance, in a society of specific purposes (SSP), since the receivables, originated from the energy sale contracts, compose the operation’s set of guarantees. Such modeling is a proposal of the present dissertation as a feasible alternative for the financing of projects which may provide the ingress of US$700 million in the solid residues sector until 2012 and also positively contribute to the reduction of the emission of greenhouse gases (GHG) emissions in the amount of 70 million t of CO2e. In the same line, the assessment of the financial impact from the tax reduction appears as an alternative that may positively contribute to the entrepreneurs’ decision making, causing the projects to be materialized, since the fiscal waiver makes investments more attractive to the sponsors of resources that compose the funds to make projects feasible.

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Egypt reviews Red Sea waste management system – Dailynewsegypt

Egypt’s Minister of Local Development and Environment, Manal Awad, and Red Sea Governor Walid El-Barqi held an extensive meeting to review the performance of the governorate’s waste management system and discuss measures to improve environmental services and operational efficiency. The meeting, held during Awad’s visit to the Red Sea Governorate to mark World Environment Day, focused on assessing current challenges facing waste collection, sorting, recycling and disposal operations, as well as identifying priority actions to strengthen the system’s performance. Awad stressed that the government places significant importance on developing an integrated waste management system in the Red Sea Governorate, given its strategic importance as one of Egypt’s leading tourism destinations. She emphasized the need to comply with environmental and technical standards governing sanitary landfills, waste treatment facilities and environmentally sound disposal practices. During the meeting, officials reviewed the current status of waste management operations in Hurghada, including collection, transportation, sorting, recycling and final disposal activities. Discussions also covered the infrastructure upgrades required to improve system efficiency and ensure the proper operation of sanitary landfill facilities. Yasser Abdullah, head of Egypt’s Waste Management Regulatory Authority, presented updates on temporary waste collection and sorting sites and outlined measures to strengthen operational management and oversight. He highlighted the importance of improving monitoring mechanisms for waste handling activities and maximizing the recovery of recyclable materials while reducing informal and unregulated practices.