Danish achievements in cooperation on climate issues and CO2 credits
Under the Kyoto Protocol, industrial countries may finance the implementation of reduction measures in developing countries and Central and Eastern European countries. Reductions may then be transferred to the industrial countries in the form of CO2 credited to the national climate accounts. On the basis of this option, Denmark has in the spring of 2004 obtained a number of results:
JI and Romania: Based on an overall climate cooperation agreement between Denmark and Romania, made in March 2003, and triggering Danish support for investments amounting to Euro 2.6 million, the first Danish Joint Implementation project was launched in May in the Romanian town of Vatra Dornei. Under the agreement oil and natural gas used for district heating in five towns are replaced by wood waste - and emissions of 720,000 tonnes of CO2 are avoided.
Romania and Denmark have also made an agreement on a geothermal energy resource project, utilising the hot water in the ground below the towns of Oradea and Beius for district heating. This project prevents air pollution from combustion of lignite, oil and natural gas, and enhances the standard of living and wellbeing of the inhabitants.
Denmark finances part of the investments, up to Euro 0.9 million, and may, in return, over a number of years transfer units corresponding to emissions of approx. 190,000 tonnes of CO2 to the domestic climate accounts.
Acquisition of CO2 credits: In May 2004 the Ministry of the Environment made a contract for acquisition of indirect CO2 credits via Eco Securities and Standard Bank London (ESSB), to an amount of Euro 8 million, the largest ever contract made by the Ministry in the field of CO2 credits.
It is expected that through projects in Eastern Europe, for delivery in 2008-12, Denmark may acquire somewhere between 1.2 and 1.7 million tonnes of CO2, ESSB is to define at least five specific JI projects in Eastern Europe that will reduce emissions of greenhouse gases, in the fields of energy efficiency, introduction of clean fuel, collection of methane and nitrous oxide, and phasing out of industrial gases in refrigeration installations.
Further information: Danish EPA Climate Change and Environmental Assistance, +45 3266 0100. Ulla Blatt Bendtsen firstname.lastname@example.org , Peter H. Pedersen, email@example.com, or Morten Pedersen firstname.lastname@example.org
More information on climate issues on the Danish EPA website: http://www.mst.dk/transportuk/01000000.htm
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