During a virtual meeting with the German Environment Minister Svenja Schulze on May 27, the Argentinian Minister of Productive Development Matias Kulfas signed the Statement of Undertaking (SoU), committing to climate-friendly nitric acid production in the long term.
Ms. Schulze welcomed Argentina’s decision and stressed the importance of the climate-friendly transformation of the sector: „Each year, global nitric acid production emits large quantities of highly climate-damaging nitrous oxide. Our Nitric Acid Climate Action Group supports partner countries in abating these emissions. By joining NACAG, Argentina is sending an important signal for the climate-friendly transformation of this sector and helping to achieve the goals of the Paris Agreement“.
Following this step, Argentinian nitric acid producers are eligible for financial support through NACAG to purchase and install nitrous oxide mitigation and monitoring equipment in their facilities. The emission reduction potential in this sector in Argentina amounts to approximately 200,000 tonnes of CO2-equivalent per year.
Alongside Mexico, Thailand, Georgia, Uzbekistan, Tunisia and Zimbabwe, Argentina became the seventh country to sign the Statement of Undertaking (SoU) and commit to climate-friendly nitric acid production. Together, these countries will mitigate more than three million tons of CO2-equivalent annually in the nitric acid sector.
The related BMU press release can be accessed here.
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