International trading in greenhouse gas emissions provides Estonia with new opportunities in alleviating climate change and investing in the environment. "Several conditions must be satisfied in order to trade in the emission allowances. First, the companies releasing carbon dioxide into the ambient air that are allowed to trade in emission allowances have to be specified. For this purpose a corresponding allocation plan for the three-year trading period from 2005 to 2007 has been prepared,” explained Leo Saare, the Director of the Estonian Environment Information Centre (EEIC) of the Ministry of the Environment. A company is obliged to monitor its own carbon dioxide emission into the air. If there is a difference between the actual emission and the assigned emission in favour of the latter, the company is allowed to trade in the surplus. The Estonian registry of trading in greenhouse gas emissions has been established to ensure the conformity of trading transactions and make the exact tradable emissions known. The registry is administered and maintained by the Climate and Ozone Bureau of the Estonian Environment Information Centre of the Ministry of the Environment. In addition, the EEIC monitors the course of the joint implementation projects and ensures their conformity to the requirements. The registry is situated
at the address http://khgregister.envir.ee. Further information: Jüri Teder Head of the Climate and Ozone Bureau, Estonian Environment Information Centre, Ministry of the Environment Phone: 673 7582 |
