[Shadow_Group] Japan wants Polish air

[shadowgroup-l at lists.resist.ca]

http://www.wbj.pl/?command=article&id=24987&type=wbj
 

Japan wants Polish air

>From Warsaw Business Journal



Japanese seek to earn on Polish CO2 emission rights.

Some 23 Japanese energy and steel enterprises have formed a group of potential investors in energy production in Poland. Businessmen from the land of the rising sun hope to produce renewable sources of energy in cooperation with Polish companies, most of them state-controlled. The cost of preliminary projects is estimated at $140 (z³.440) million. Energy producer and distributor J-Power will fund windmill energy and the Mizuho Financial Group is in a joint venture with the National Sugar Company to produce energy from biomass.

But the Japanese have a more ambitious financial goal than just energy production. According to limits on CO2 emission set by the Kyoto Protocol, Poland will enjoy a significant, unused surplus of 100 million tonnes of gas. This means that the 945 registered Polish companies can earn as much as z³.294 million annually on trading the rights to emit greenhouse gases. 

By January 1, 2005 all EU members are required to establish a national supervisory institution which will administrate emission rights for companies. As soon as February 2005, rights for CO2 emission can be sold inside the EU. 
(B.K., Rzeczpospolita)






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