Iran taking actions to meet commitment on CO2 emission
Tehran, Iran, Sept. 27
By Mehdi Sepahvand, Dalga Khatinoglu – Trend:
Mansur Moazzami, chairman of board of directors of Industrial Development and Renovation Organization (IDRO), has said Iran is taking various measures to meet its commitment for reducing carbon dioxide emission reduction.
“We are member to the Kyoto Protocol. We also attended the 2015 United Nations Climate Change Conference (COP21) which was held in France,” he told Trend on sidelines of a press conference September 27.
“Zero flaring is a main policy of the Oil Ministry. The ministry has also signed one or two contracts on the management of oil associated gas,” he continued.
Iran’s flaring amount stands at above 11 billion cubic meters per year.
Iran is obliged to decrease its carbon dioxide emissions by 12 percent by 2030.
Iran needs $52.5 billion investment to decrease emissions by 12 percent. From the mentioned volume, Iran plans to invest $17.5 billion from domestic reserves that would decrease emissions by 4 percent. The remaining value will depend on foreign investments.
By realization of the $52.5 billion investment, Iran’s emissions would decrease by 230.4 million tons cumulatively (12 percent) by 2030.
“Also regarding cars, the Ministry of Industry has set some very strict rules. If carmakers do not follow them, their cars will not receive licenses,” Moazzami noted.
Iran’s transportation sector shares 25 percent of total emissions in Iran.