Klimaat
PMV is a shareholder in various international climate funds:
In the focus: the hell of Deonar
Deonar is one of the three largest waste disposal sites near the centre of Mumbai. Waste has been dumped there since 1927. The rubbish now covers 130 hectares, and in places is 23 metres high. In addition, the waste is not treated. In degrading conditions, pariahs “recycle” what can still be used. The subtropical climate does the rest, creating massive environmental and health risks. Rising smoke and methane gases also represent a serious danger to air traffic to and from the airport, but only several kilometres further up.
Deonar
The Asia Pacific Carbon Fund – a climate fund of the Asian Development Bank – wants to do something about this. Together with a number of international partners, PMV provides carbon financing for the project.
As a result, the waste at Deonar is being collected and enclosed on 51 hectares. The captured methane gas is being used to drive gas engines that can generate up to four megawatts of electricity. A composting facility converts organic waste into pellets for use as fuel by industry. This also provides the rag-pickers with dignified work.
Opinion: does this benefit Flanders?
Despite the difficult negotiations on the follow-up to the Kyoto Protocol, PMV’s stake in the fight against greenhouse gases has not remained a dead letter. The hell of Deonar is one of more than fifty projects that PMV supports through carbon financing.
One of the ways this is done is with so-called Clean Development Mechanisms (CDMs) of international climate funds. In this way, PMV is helping to provide the necessary emission rights for the Flemish Region to achieve the targets of Kyoto.
Through their positive impact on the environment, society and the economy, such projects centred on biodigestion and waste processing – like the one at Deonar – also have an important pilot function for developing countries. In Asia and South America, numerous megacities would do well to copy them.
By participating in the Future Carbon Fund of the Asian Development Bank, PMV is giving a clear signal that it believes in the future and the added value of these mechanisms, provided they are deployed within the right context and with the right partners.
But does this benefit Flanders?
Our region is strong in waste processing and water treatment. Clean technology is one of PMV’s spearhead areas. But, to be able to continue to justify the ever-increasing investments in research and development, Flemish companies will have to find new markets for these types of technologies and services. Only in this way can Flanders remain in the leading pack. Internationalisation is therefore a must. The high demand for environmental technology abroad and Flemish know-how to implement this successfully form an ideal way in for Flemish entrepreneurs.
PMV supports them in this through its international network and with tailored financing solutions. Greater interaction with the outside world will lead to better products and services on the domestic market. In addition, clean energy and clean technology are growth sectors of great strategic importance, both here and in the wider world.
The demand for Flemish expertise is there. Together with our businesses, PMV wants to provide a powerful answer.
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