Planetark.org, April 29, 2008
But former communist countries are well within their emissions targets, which are compared to 1990 levels, because their industries and carbon emissions subsequently collapsed after they struggled to adapt to free markets.
As a top energy producer and consumer,
"Energy must not be a barrier to our comfort. Our emerging middle class... demands lots of energy and it is our job to ensure comfortable supply," he said.
"We don't plan to limit the use of fuel for our industries. We don't think this would be right," he said, referring to the current round of
He pointed out that the
Industrialised countries spent some 326 million euros last year buying such offsets from former communist countries, under
"We see (
A key way for
By 2012, Russia has called for 95 percent of its associated gas to be harnessed and sold, whereas more than 25 percent of it is currently flared, wasting 20 billion cubic meters of natural gas a year and releasing carbon dioxide into the atmosphere.
"Why is the flaring of gas so common? It's because of economic barriers to building infrastructure that will process it," said Mikhail Stavsky, vice president of
With the help of trading in carbon offsets, Stavsky said that the profitability of such gas harnessing will roughly double, and the return on investment in the projects will come in 7 years, compared to 17 years without
"We are expecting to cut tens of millions of tonnes of carbon dioxide equivalent" by 2012, he said.
Out of the twelve emissions-reduction projects that have applied for JI approval, several are from companies at least partly owned by Gazprom, Oleg Pluzhnikov, Gavrilov's deputy at the Economy Ministry, told Reuters.
"They are keeping a low profile for now. But when they see it working, I think they will put their name behind it."