Climate Change Action Plan Update
Consistent with our action plan, we have undertaken a wide range of projects that help address some of the important solutions to climate change, including renewable energy, greenhouse gas mitigation, research and education, and our own greenhouse gas inventory. Some of our climate change initiatives had to be scaled back in 2003 due to the financial status of the company. Upon emergence from bankruptcy, we will evaluate our climate change action plan and modify it as needed to ensure that it is aligned with our business going forward.
Mirant Philippines Creates Landmark Carbon Sink
Mirant Philippines expanded their marine sanctuary and forestry efforts in 2003 to launch a landmark carbon sink initiative.Working with the Department of Environmental and Natural Resources and local government bodies, Mirant is leading the reforestation of 150 hectares of mangrove and 150 hectares (371 acres) of upland forests in the Pagbilao and Padre Burgos municipalities near our Pagbilao generating plant.
The carbon sink initiative includes a 5-year research study commissioned with The University of the Philippines-Los Baños Foundation to quantitatively measure the capacity of Mirant’s reforestation project sites to store and sequester carbon.
By December 2003, 75 hectares (185 acres) of mangrove forestation had been established. In addition, project training and construction of necessary facilities had been completed. Organization of the monitoring and evaluation committee for both upland and coastal projects is essential to the long-term success of the programs.
The Pagbilao area is the home of the second most diverse mangrove species in the world. Mirant’s carbon sink initiative is considered the largest project undertaken to date to preserve and protect mangrove forests in the Philippines.


