Uruguay is quickly turning into a leader in Latin America in terms of using its wind resources to fuel the economy. And it is using the revenue stream from carbon credits to catalyze the investment, the World Bank announced today.
A 10 MW wind farm built at Sierra de los Caracoles in Maldonado (eastern Uruguay) became the second wind power project in Uruguay to earn Certified Emission Reductions, commonly known as carbon credits, through the project’s registration with the United Nations Framework Convention on Climate Change (UNFCCC) on August 8.
See full Article: http://www.worldbank.org/en/news/2012/08/15/uruguay-going-green-diversifying-energy-mix.
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