Russia plans to start trading Kyoto quotas in 2008 - Reuters

[Eugene]

Source: Reuters

Russia plans to start trading Kyoto quotas in 2008
15 Jun 2007 17:15:48 GMT
Source: Reuters

By Gleb Bryanski

MOSCOW, June 15 (Reuters) - Russia plans to start trading
its greenhouse emission quotas in 2008 once it has met all
eligibility requirements needed to implement the Kyoto
mechanisms, a senior Russian official said on Friday.

The point of the new Kyoto Protocol mechanism, termed
Joint Implementation, is to allow industrialised countries to
buy rights to emit greenhouse gases and use them to help
stay within their Kyoto emissions caps by 2012.

-snip-

"I believe we can obtain a status of a country complying with
Kyoto protocol requirements in early 2008," Deputy Economy
Minister Andrei Sharonov told foreign investors and bankers,
adding a Kyoto monitoring mission would visit Russia in July.

Sharonov said Russia aimed to sell quotas for 300 million
tonnes of CO2 equivalent to European Union countries. He
said 29 projects had been submitted for review to the Kyoto
Protocol secretariat already.

-snip-

Read more: http://www.alertnet.org/thenews/newsdesk/L1580859.htm

[razzleberry]

1. has the EU committed to balancing its 'Kyoto books' ?

by that I mean, having enough credits to meet its (EU)
obligation to the Kyoto treaty?

If so, theye would appear the only one
planning on doing so.