Kyoto-Check for Austria
Austrian Federal Minister for the Environment Pröll: “Reaching of targets guaranteed”
(Vienna, 3 July 2008) – “Austria will reach its Kyoto-targets. Due to the purchases agreed, 88% of the predefined purchase goal of 45 Mio. tons have been contractually guaranteed,” says the Austrian Federal Minister for the Environment Josef Pröll on the occasion of the meeting of the Commission for the Austrian Programme concerned with the Joint Implementation and Clean Development Mechanism. “By increasing the Budget to 531 Mio. Euro in the course of the recent amendment of the Austrian Environmental Support Act (UFG), we also provide the base for a further successful purchase.”
The Carbon market is booming. The increase in the demand within the last two years has sextupled, which reflects the enormous interest in the market. However, the scarcity in the supply of certificates also leads to an increase in prices. “We have adjusted to this development in a timely manner and are thus well prepared.”
Austria’s interim Kyoto results are by all means positive. So far, environmental measures have been taken in various fields such as Industry, Room Heating and the Expansion of Local Public Transport. These national measures have been supplemented by the purchase of CO2 emission reductions from international JI/CDM projects and what is referred to as Green Investment Schemes. “It is important to understand that this is connected to a worldwide reduction of adverse environmental effects.”
The Austrian Chamber of Commerce jointly with the Austrian Federal Ministry of Agriculture, Forestry, Environment and Water Management published a Kyoto-Check-Folder which gives Austrian exporters practical advise for a first assessment on whether a planed project also qualifies as a JI/CDM project.
Six Chinese projects (Windpower, Biogas and Hydropower) and a Hydropower plant in Madagascar add further 3.8 Mio. tons to the Austrian emission reduction target under Kyoto. Furthermore, a Green Investment Scheme was successfully concluded.
For further enquiries:
Austrian Federal Ministry of Agriculture, Forestry, Environment and Water Management
- Further Information
- Contact JI/CDM-Team
