 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Russian Utility Eyes 700-Million-Euro Kyoto Windfall
Moscow (AFP) Jun 15, 2007 Russia's electricity monopoly United Energy Systems hopes to attract investment worth 700 million euros under the Kyoto Protocol to combat global warming, CEO Anatoly Chubais said on Thursday. But he also issued a warning to consumers that they would have to foot the bill for technology needed to limit emissions within Russia, where electricity production has been booming. "Our aim is to attract no less than 700 million euros (934 million dollars) on account of the Kyoto protocol," Chubais told a conference on Friday on his company's environmental policy. But the company, whose subsidiaries account for 25 percent of Russia's carbon dioxide output, will need far more financing to keep its emissions from growing, he warned. "To seriously put the question of ecology on Russia's agenda, we must seriously put forward the question of its price for the population and for industry." "Nothing is free. Ecology costs money.... And the consumer always pays" either directly or through taxes, he said. The protocol's mechanisms allow companies in the West to invest in carbon emission reductions in foreign companies to offset part of their own carbon output. Russia hopes to attract major investment to reduce carbon emissions due to the potential to reduce output from its inefficient industry and the fact that the economic collapse of the early 1990s made Russia's Kyoto targets more achievable. Russia has a shortage of natural gas for domestic electricity production due to exports to Europe, Chubais said, leaving Russian generators to use oil and coal, which emit significantly more carbon dioxide. This will lead to a "radical worsening of the situation with carbon emissions" in Russia unless there is a serious move to new cleaner technologies, he warned, with the percentage of coal used for generation set to grow from 23 percent to 32 percent. Chubais welcomed recent government moves to implement a mechanism for companies to attract funds for carbon reductions under Kyoto, but said a delay of three years after Russia ratified the protocol could impede its efforts.
Source: Agence France-Presse Related Links United Energy Systems Powering The World in the 21st Century at Energy-Daily.com
National RPS Energy Rules Key To Fixing Flaws Arising From A Jumble Of State Policies
Washington DC (SPX) Jun 13, 2007"Will the proposed National Renewable Portfolio raise or lower average electricity prices?" "Will a national standard prevent price gouging and "gaming" between states?" "Can electric utilities save money by supporting a national renewable energy policy?" The Network for New Energy Choices addresses these and many other questions in "Renewing America," an empirically rigorous study of how carefully crafted federal energy standards can fix dangerous flaws in the nation's energy grid. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
