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

Investment Potential Seen in Eurasia's Transitional Economies

A leading economist says Russia, Ukraine, and other East European countries have made significant progress in reforming their economies and embracing market principles more »

TURKMENISTAN RAISES PRICE OF NATURAL GAS SUPPLIED TO RUSSIA

Turkmenistan's president Saparmurat Niyazov and Gazprom's CEO Alexei Miller, who arrived in the Turkmen capital last night for a one-day visit, discussed the whole range of Turkmenistan's cooperation with Gazprom in the energy sphere more »

GAZPROM, CITIGROUP DISCUSS WAYS TO FUND GAS GIANT

On Friday, Gazprom CEO Alexei Miller and Citigroup Vice President Stanley Fisher discussed prospects for the two companies' cooperation more »

BA flying into hefty bill for new EU law on compensation

BRITISH Airways is facing a "substantial" bill for "badly drafted" European Union (EU) regulations coming into force this week, which demand that airlines compensate passengers for flight delays and cancellations more »

The Law «About home building savings».

It will be possible to use the credits of «Zhilstroybank» (Kazakhstan) not only for purchase and building of the dwellings, but also for the repairing, exchange and modernization of apartments more »

Snooping trial begins

Sonera defendants deny deliberate violation of telecommunications privacy more »

Ukraine leader pledges fiscal amnesty

Ukrainian President Viktor Yushchenko is set to declare an “amnesty for capital” to make the economy more transparent more »

BRE Bank posts shocking 2004 loss of zł.278.4 million

Warsaw-based BRE Bank has suffered its largest ever quarterly loss, as its Q4 results were zł.385.9 million in the red more »

Roughly 16 mln VISA cards in Russia by 2005

The number of VISA credit cards in Russia reached around 16 million by the end of 2004, up from 9.4 million cards one year earlier more »

Ukraine posts highest CIS growth in 2004

Ukraine posted the highest economic growth among CIS nations in 2004, with GDP rising 12%, the CIS Interstate Statistical Committee said more »