Mbale is set to generate annual revenue of more than a hundred and fifty thousand dollars from carbon trading.
The money is to be generated from a solid waste recycling plant, established through funding from the World Bank and the National Environment Management Authority-NEMA.
Dr. Gerald Sawula, the Deputy Director of NEMA says the World Bank will be paying Mbale a hundred and twenty thousand dollars annually for its efforts in reducing carbon emission through solid waste management.
Sawula explains that the World Bank will be trading with Mbale as a fulfillment to the Kyoto treaty which aims at reducing carbon emission.
The Kyoto treaty is an international environmental treaty with the goal of achieving stabilization of greenhouse gas in the atmosphere to the level that would prevent dangerous anthropogenic interference with the climate system.
Under the treaty industrialized nations can purchase carbon credits on the world market instead of reducing green gas emissions locally.
Dr. Sawula explains that in the case of Mbale the World Bank will be the one buying the carbon emission.
He says NEMA will take fifty percent of the revenue generated from the Mbale plant for the next four years to recover the cost it contributed in its setup.
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Hajat Jamila Naleba, the Mayor of Mbale says the council will use the remaining fifty percent revenue from the plant to construct a classroom block in two schools that neighbor the recycling plant.