The World Bank Report No: ISR15664 Implementation Status & Results Public Disclosure Copy Brazil BR N2O Emission Reduction Project (P125006) Operation Name: BR N2O Emission Reduction Project (P125006) Seq.No: 3 Status: ARCHIVED Archive Date: 21-Jul-2014 Project Stage: Implementation Country: Brazil Approval FY: 2011 Product Line: Carbon Offset Region: LATIN AMERICA AND Lending Instrument: CARIBBEAN Implementing Agency: Rhodia Energy Brazil Key Dates Board Approval 28-Feb-2011 Original Closing 30-Jun-2014 Planned Mid Term Review Last Archived ISR 10-Nov-2012 Date Date Date Date Effectiveness 28-Feb-2011 Revised Closing 30-Jun-2014 Actual Mid Term Review Date Date Date Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Highly Satisfactory Highly Satisfactory Overall Implementation Progress (IP) Highly Satisfactory Highly Satisfactory Overall Risk Rating Low Low Implementation Status Overview The development objective of the proposed project is to reduce emissions of N2O, a powerful greenhouse gas, which would, in the absence of the Public Disclosure Copy project, have been emitted into the atmosphere contributing to the damaging effects of climate change. The project is a first of its kind in the sense that it leverages carbon finance to address a major brown environmental agenda item (the abatement of N2O) in the industrial sector in Brazil. An Emission Reductions Purchase Agreement (ERPA) has been signed for the operation in reference on February 28, 2011. The project has delivered all contractual tranches of emission reductions to the World Bank as Trustee of the Spanish Carbon Fund. Locations Page 1 of 2 The World Bank Report No: ISR15664 Country First Administrative Division Location Planned Actual Public Disclosure Copy Brazil Not Entered Plataforma Industrial Rhodia Paulinia Key Decisions Regarding Implementation N/A Related Projects There are no related projects. Public Disclosure Copy Page 2 of 2