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Tuesday, 11 October 2016

Egypt’s initiative to modernize public transport turns in solid results, says World Bank

The World Bank’s Carbon Finance Specialist Juha Seppala sheds light on the results of the initiative to scrap old taxis in Egypt, named the Egypt Vehicle Scrapping and Recycling Project, and its impact on emissions reduction. The initiative, which involved replacing 40,000 taxis in Egypt, around half of Cairo’s taxis, has been the first and only Clean Development Mechanism-registered “programmatic” project in the world, which provides for emissions reduction using the certified emission reductions (CERs), Seppala claims. Recently-released results showed that emission reductions achieved in 2013 and 2014 amounted to 146,005 CERs. Seppala says the emissions reductions for 2015 are already in the process of being verified and hopes the programme could be expanded to more cities.

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