From reducing energy consumption to developing the carbon market; a solution for financing energy projects

According to an exclusive report by Energy Press, the second pre-session of the International Conference on Investment and Financing in the Oil, Gas and Petrochemical Industry was held at Allameh Tabatabaei University. The event was attended by experts and managers of the energy industry and examined the challenges and opportunities of investment in this field.
Ali Asghar Rajabi, Director of Energy and Carbon at the National Iranian Gas Company, stated at the meeting: “One of the key issues at the global level is carbon management resulting from energy savings. By reducing consumption in combustion chambers, the amount of emissions, including carbon, automatically decreases. This reduction can be used as part of the global carbon management cycle.”
He added: “Based on the Seventh Development Plan law, Iran is required to save the equivalent of one million and 285 thousand barrels of oil in energy consumption. This volume of savings can be equivalent to a significant amount of carbon that can enter global carbon markets. “Creating a carbon market, similar to what has been done in many countries, could make carbon certificates an attractive tool for attracting private sector investment.”