Denmark buys CO2 quotas in Estonia

Published: 17 December 2004 y., Friday
Environment Minister Connie Hedegaard formalized an agreement on Wednesday with Estonian colleague Villu Reiljan for Denmark's first purchase of CO2 credits in Estonia. The deal was signed at the UN climate conference in Buenos Aires. Under the terms of the agreement, Denmark will erect 13 windmills with a total production capacity of more than 21 MW at a disused Soviet military base outside the Estonian capital, Tallinn. The Danish Ministry of Environment will be eligible to buy quotas worth some 400,000 tons of carbon dioxide from the project. The clean wind energy will be used in place of electricity from Estonia's severely pollutant oil shale-fueled power plants. CO2 emissions saved from the power production process will be deducted from Denmark's total climate spreadsheet.
Šaltinis: cphpost.dk
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The Economic Growth of Lithuania

Continued Strong Economic Growth of Lithuania in 2005 more »

A Limited Partnership

MIL Equity Partners to invest in Bulgaria, other European countries more »

Slovakia, once a laggard, moves ahead on euro adoption

Once the laggard among the rapidly restructuring central European economies, Slovakia now ranks as a top contender in the region's next major undertaking after joining the European Union more »

Poland Seeks Joint Ventures With Kingdom

With the balance of trade tilted heavily in favor of Poland, Saudi Arabia has decided to activate the Saudi-Polish Business Council and take other export promotion measures more »

The Russian Economic Forum in London

The European Union trade commissioner will for the first time participate in work of the Russian Economic Forum in London more »

The Stabilisation Fund war in Russia

It is the only source that can provide a chance for economic breakthrough more »

Russia, EU leaders reach agreements

European leaders formed a united front with Russian President Vladimir Putin on Friday, emphasizing their common position on Iran's nuclear ambitions and pressing Syria to withdraw from Lebanon more »

World Bank Hails 'Rapid Growth' in Russia

The Russian economy has benefited from rapid growth but government interventions in some businesses have increased uncertainty in the investment climate, the World Bank said on Thursday in a review of its lending strategy more »

Ruble surges against euro

The Russian Central Bank has set the official euro exchange rate for March 19 to 21 at 36.7 RUR/EUR more »

Ukraine to drop peg to dollar

Ukraine plans to replace its currency's peg to the dollar with a more flexible exchange rate system that includes the euro more »