AUDAX ENERGIA GAS SUPPORTS HYDROELECTRIC PROJECT IN INDIA

Environment, development and energy: the link between these elements is – as is known from the issues concerning climate – far from balanced. Let's consider two macro data.

First, in 2018 the concentration of carbon dioxide in the atmosphere, the main gas responsible for the greenhouse effect, exceeded that of 2017: 407.8 parts per million (ppm), against 405.5 parts per million (data World Weather Observatory). This increase, higher than the average of the last decade, does not bode well for the future of our planet.

Second, even today 840 million people in the world, have no access to modern, continuous and safe forms of energy. But not only that. 2.9 billion individuals use fuels that are harmful to both health and the environment for cooking – but this also applies to heating and lighting their rooms.

The implementation of projects involving the production of energy from renewable sources appears – today and in the future – as the solution capable of bringing the three elements together in a point of equilibrium.

An example? It comes from India and concerns the construction of the hydroelectric power plant in the province of Himachal Pradesh, in the north of the country. The infrastructure, located in the Kinnaur district, aims to ensure a renewable and sustainable energy to local communities in an area marked by poverty and lack of access to energy. The construction of the plant will bring economic and social benefits important in both the short and medium-long term, starting from the creation of jobs in the implementation phase, to arrive at the concrete development of the area involved from the point of view of production and commercial activities, infrastructures and services.

He also contributes to the Indian project Audax Energy with the choice to provide its customers only “climate neutral” natural gas”.

In practice, CO emissions₂ deriving from the supply of natural gas are “compensated” through the purchase of carbon credits. The latter – effective and consolidated financial instruments – go to subsidize sustainable development projects certified at international level. So that energy, sustainability and development finally find their virtuous convergence.

Not only that. The program that Audax Energia adheres to is in line with the “Sustainable Development Goals” (Sustainable Development Goals) that the United Nations launched in 2015: 17 goals for a world with less inequality. Specifically, that of the Indian hydroelectric plant involves:

number 7, ensuring access to affordable, reliable, quality and sustainable energy
number 8, providing new job opportunities and improving the economy
number 9, stimulate economic development of the area
number 13, reduce emissions by more than 3 million tCO2

Finally, Audax Energia has chosen Carbonsink Group, an Italian company specialized in the compensation of CO emissions, as a partner for this initiative.₂.