Sudokwon Landfill Site Management Corporation Participates in Mongolia Landfill Greenhouse Gas Reduction Project

[Asia Economy Reporter Park Hyesook] The Sudokwon Landfill Site Management Corporation announced on the 13th that it has signed a business agreement with the Korea Environment Corporation to participate in the international greenhouse gas reduction pilot project at the Ulaanbaatar City landfill (NEDS) in Mongolia.

Starting in May, the Landfill Corporation plans to oversee the detailed design of the project, installation of landfill gas collection facilities, issuance of carbon credits, and other related tasks.

This project involves a total budget of approximately 10 billion KRW to capture and incinerate methane (CH4) emitted from the landfill in Mongolia, reducing about 54,550 CO2 tons annually, totaling 550,000 CO2 tons of greenhouse gases over 10 years.

In particular, the Landfill Corporation explained that this project is significant as it is the first domestic overseas greenhouse gas reduction project promoted under the cooperative approach of Article 6.2 of the Paris Agreement at the 26th United Nations Climate Change Conference of the Parties (COP26), a system that allows voluntary cooperation between countries to use issued reduction achievements to fulfill national greenhouse gas reduction targets.

The Landfill Corporation is also discussing cooperation plans with domestic companies after receiving proposals for greenhouse gas reduction projects related to landfill construction and operation from Bahrain, Malaysia, Ecuador, and other countries.

A representative of the Landfill Corporation stated, "We hope this project will serve as a model case for reducing greenhouse gases at overseas landfills and become a foundation for expanding various overseas projects in the future."

This content was produced with the assistance of AI translation services.