Estonia's given the green light for increased oil shale production, but plans on having excess carbon emission quotas regardless. Photo used courtesy of Eesti Energia.
TALLINN — Although Estonia is planning on building another oil shale plant this year, increasing its carbon footprint, the country will still be able to sell carbon emission quotas under the cap-and-trade system for extra revenue.
The government authorized the minister of the environment to compose the first sales agreement of assigned amount units Thursday. The first buyer is [private_supervisor]Austria, and the deal is likely to be made at the end of March.
Estonia got the emission quota when it joined the Kyoto Protocol in 1997. The country ratified this protocol on Sept. 3, 2002.
Estonia is negotiating with four or five other countries as well, according to Minister of Environment Jaanus Tamkivi. Tamkivi said that Estonia currently has 85 tons of available carbon equivalents, which comes to 17 million tons per year. The amount can be sold depending on the buyers’ interests.
“If the state has assets that are not needed and there is a buyer interested, then selling is a sensible decision,” Tamkivi told Baltic Reports.
The ministry is not revealing the sales price nor the final amount due to a confidentiality agreement with the buyers, but said the total will be at least one billion krooni (€63.9 million).
Efficiency is the key
Meanwhile Estonia is working on making existing energy production facilities more efficient. Inga Jagomäe, a spokeswoman of the Ministry of Environment said there are 21 projects in Estonia concerning the renovation of heat utilities, and combined heat and power plants and renewable energy.
“Implementing the projects would reduce the heat loss of central heating, and retrenchment of fossil fuel, which on the other hand would reduce the emission of greenhouse gas,” Jagomäe told Baltic Reports.
Jagomäe said the projects will reduce heating costs and create jobs, too. [/private_supervisor] [private_subscription 1 month]Austria, and the deal is likely to be made at the end of March.
Estonia got the emission quota when it joined the Kyoto Protocol in 1997. The country ratified this protocol on Sept. 3, 2002.
Estonia is negotiating with four or five other countries as well, according to Minister of Environment Jaanus Tamkivi. Tamkivi said that Estonia currently has 85 tons of available carbon equivalents, which comes to 17 million tons per year. The amount can be sold depending on the buyers’ interests.
“If the state has assets that are not needed and there is a buyer interested, then selling is a sensible decision,” Tamkivi told Baltic Reports.
The ministry is not revealing the sales price nor the final amount due to a confidentiality agreement with the buyers, but said the total will be at least one billion krooni (€63.9 million).
Efficiency is the key
Meanwhile Estonia is working on making existing energy production facilities more efficient. Inga Jagomäe, a spokeswoman of the Ministry of Environment said there are 21 projects in Estonia concerning the renovation of heat utilities, and combined heat and power plants and renewable energy.
“Implementing the projects would reduce the heat loss of central heating, and retrenchment of fossil fuel, which on the other hand would reduce the emission of greenhouse gas,” Jagomäe told Baltic Reports.
Jagomäe said the projects will reduce heating costs and create jobs, too. [/private_subscription 1 month] [private_subscription 4 months]Austria, and the deal is likely to be made at the end of March.
Estonia got the emission quota when it joined the Kyoto Protocol in 1997. The country ratified this protocol on Sept. 3, 2002.
Estonia is negotiating with four or five other countries as well, according to Minister of Environment Jaanus Tamkivi. Tamkivi said that Estonia currently has 85 tons of available carbon equivalents, which comes to 17 million tons per year. The amount can be sold depending on the buyers’ interests.
“If the state has assets that are not needed and there is a buyer interested, then selling is a sensible decision,” Tamkivi told Baltic Reports.
The ministry is not revealing the sales price nor the final amount due to a confidentiality agreement with the buyers, but said the total will be at least one billion krooni (€63.9 million).
Efficiency is the key
Meanwhile Estonia is working on making existing energy production facilities more efficient. Inga Jagomäe, a spokeswoman of the Ministry of Environment said there are 21 projects in Estonia concerning the renovation of heat utilities, and combined heat and power plants and renewable energy.
“Implementing the projects would reduce the heat loss of central heating, and retrenchment of fossil fuel, which on the other hand would reduce the emission of greenhouse gas,” Jagomäe told Baltic Reports.
Jagomäe said the projects will reduce heating costs and create jobs, too. [/private_subscription 4 months] [private_subscription 1 year]Austria, and the deal is likely to be made at the end of March.
Estonia got the emission quota when it joined the Kyoto Protocol in 1997. The country ratified this protocol on Sept. 3, 2002.
Estonia is negotiating with four or five other countries as well, according to Minister of Environment Jaanus Tamkivi. Tamkivi said that Estonia currently has 85 tons of available carbon equivalents, which comes to 17 million tons per year. The amount can be sold depending on the buyers’ interests.
“If the state has assets that are not needed and there is a buyer interested, then selling is a sensible decision,” Tamkivi told Baltic Reports.
The ministry is not revealing the sales price nor the final amount due to a confidentiality agreement with the buyers, but said the total will be at least one billion krooni (€63.9 million).
Efficiency is the key
Meanwhile Estonia is working on making existing energy production facilities more efficient. Inga Jagomäe, a spokeswoman of the Ministry of Environment said there are 21 projects in Estonia concerning the renovation of heat utilities, and combined heat and power plants and renewable energy.
“Implementing the projects would reduce the heat loss of central heating, and retrenchment of fossil fuel, which on the other hand would reduce the emission of greenhouse gas,” Jagomäe told Baltic Reports.
Jagomäe said the projects will reduce heating costs and create jobs, too. [/private_subscription 1 year]
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