EuroChem implements projects within the framework of the Kyoto Protocol at the amount of 48 million dollars

[ 22.04.08 12:00 ]

EuroChem implements projects within the framework of the Kyoto Protocol aimed at reduction of emissions of greenhouse gases into the air. Activities are carried out in partnership with the Austrian company Carbon Climate Protection, one of the largest German energy concerns RWE and the engineering company Uhde. The total amount of projects financing will amount to 48 million dollars. At the present moment these are the largest projects in Russia in the area of emission reduction.

Technological changes will concern production of thin azotic acid at subsidiaries of EuroChem – OJSC “Nevinnomyssky Azot” and OJSC “NAK Azot”.

At present measurements have been taken of current emissions of nitrous oxide, design documentation has been developed, a set of documents is being formed which is necessary for registration of projects in Russia and with the Committee for Supervision of joint projects at the UN. Reduction of the aggregate amount of emissions of greenhouse gases by 6.6 million tons of ??2 equivalent (generally accepted unit of measurements of reduced emissions of greenhouse gases) is expected until 2012. Moreover, emission of harmful gases will be reduced to the levels significantly lower than those fixed in the existing Russian environmental standards.

As a result of implementation of Kyoto projects reduced emissions of greenhouse gases will be converted into internationally accepted Units of reduced emissions and will be transferred to European countries which are not able on account of their own resources to minimize emissions of harmful sunstances into the air up to the levels approved by the Kyoto Protocol.  

It is to be reminded that the Kyoto Protocol is the main international documents aimed at reduction of emissions of greenhouse gases into the air which lead to change in climate. The protocol was agreed upon on December 11, 1997 at the Conference of the parties to the Framework Convention of the UN on climate change in the city of Kyoto (Japan). The document entered into force on December 16, 2005 after ratification thereof by the Russian Federation. The Kyoto Protocol obliges its participants to reduce emissions of greenhouse gases over the period from 2008 to 2012. Specific obligations for each country are fixed in annexes to the protocol. According to the protocol Russia shall not within the period from 2008 to 2012 exceed the volume of its emissions from the basic level of 1990. According to the statement of Moscow this obligation will be fulfilled. In the course of the UN conference on climate change in Bali in December of 2007 the “road map” was approved which should lead to a new comprehensive agreement designed to replace the Kyoto Protocol after expiration of its effectiveness in 2012.