Jepirachi Carbon Off Set Project

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The objective of the Jepirachi Carbon Off-Set Project is to contribute to the reduction of greenhouse gas (GHG) emissions from the power sector in Colombia through the promotion of a 19.5 MW wind-based electricity generation facility. The project is expected to displace an estimated 1.168 million metric tons of carbon dioxide equivalent over a period of 21 years and will also support a social program that will contribute to improvements in the welfare of the local indigenous community. The social program will include activities defined in consultation with the local Wayuu community and will be put in place over the course of the first two years of construction and operation of the project. It provides support for community development activities to be implemented for the duration of the project on a sustainable basis, and focusing on the areas of health, education, economic, and institutional development. The Prototype Carbon Fund (PCF) will pay a premium on the value of the emission reductions based on the outputs of the social program.