Italy hopes for cheap C02 credits

Resumen de Prensa            Enervía, viernes, 20 febrero 2004

FUENTE: Platts


Italy is banking on the cheap availability of large amounts of carbon dioxide equivalent (CO2e) credits from Kyoto projects to 2012 to help meet its Kyoto target, an Italian environment ministry representative told a meeting in London Thursday. Ministry advisor Davide Tabarelli, deputizing for Corrado Clini, director general of the Italian environment ministry told a Europia seminar that the ministry was revising upwards the 144-mil mt CO2 target for power generation set in Italy's 2003 national greenhouse gas plan in order to account for strong power consumption growth last year. Demand rose 3% in 2003 to 319TWh, while conventional thermal output was up 4.7% to 242TWh. In 2000, generation accounted for 160-mil mt of emissions. Italy is committed to reduce emissions by 6.5% by 2010/12 from 1990 levels of 509-mil mt. Assessments by investment bank UBS see the power sector alone overshooting its 144-mil mt target by 50-mil mt.