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

Wincor Nixdorf sales up 4% despite slower biz growth

Wincor Nixdorf AG closed the first six months of fiscal year 2008/2009 with a 4 percent increase in net sales and a 2 percent increase in operating profit (EBITA). more »

Raiffeisen Bank in Poland launches mobile banking in Europe

Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a leading financial corporation in Central and Eastern Europe, has deployed "VIP Mobile," a next-generation mobile banking solution. more »

SOS for EU fishing – save our stocks

Commission calls for help with reforming EU fishing. more »

IFC and Lithuania’s SEB Bank Launch Transaction to Help Businesses Adopt Renewable Energy

IFC, a member of the World Bank Group, and SEB Bank today launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy. more »

MEPs to debate the 2007 budget discharge

Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously. more »

Shake-up of gas and electricity market debated Tuesday

The right to compensation for poor service, the right to change gas and electricity suppliers and comparable prices are just three aspects of the proposed “third energy package” being debated today by MEPs. more »

Banks in India halt ATM expansion, consolidate tellers

As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network. more »

“Smart Security” industry withstands crisis

Crisis or no crisis, secure identity cards will still be needed to cross borders… more »

UniCredit gives 1 million euro to help Abruzzo

A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates more »

Bank SNORAS Klaipėda branch is among the top ten leaders of „Excellent service” month

This year AB Bank SNORAS also joined the promotional event "Praise excellent service!" which is held in March every year. more »