Dutch announce first CO2 trading projects for Kyoto
The Dutch will purchase emission credits through the 18 projects, which aim to cut carbon dioxide emissions by more than 16 megatonnes, the environment ministry said in a statement.
The 18 projects which focus on sustainable energy and clean techologies, will take place in Bolivia, Brazil, China, Costa Rica, El Salvador, India, Indonesia, Jamaica and Panama.
Under the 1997 Kyoto Protocol, countries are allowed to fund projects such as wind parks, biomass-powered energy plants and solar energy projects in developing countries and get credits toward up to half their goal in cutting emissions.
The Dutch have undertaken to cut greenhouse gas emissions by six percent versus the level in 1990, during the period 2008 to 2012, with half the decrease realised outside the Netherlands.
A ministry spokeswoman declined say what the Netherlands would pay to fund the projects.