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International Internet Magazine. Baltic States news & analytics Friday, 25.04.2014, 09:18

Estonian Government traded unused pollution quota AAUs for new buses and wind generators

Juhan Tere, BC, Tallinn, 29.07.2010.Print version
The Government approved on Thursday at its session the two draft agreements for selling Estonia’s unused pollution quota AAUs with Spain and Japanese bank Sumitomo Mitsui, writes LETA/Postimees Online.

After the transactions will be completed, the Government will have sold one billion kroons of assigned amount units – twice as much as has been planned in this year’s State budget.

 

23 million euros from the revenue of selling AAUs will be directed to the wind energy sector. With the investment, Estonia will be able to install additionally to the capacities financed with tariff subsidies wind generators producing approximately 25-30 MW. The allocations will be issued by the Centre for Environmental Investments and eligible are new projects that do not receive any tariff subsidies.

 

Via the investment scheme for developing public transport, the State will acquire new sustainable buses for 21 million euros or 328 million kroons. In order to implement the scheme, the Roads Administration will carry out a public procurement and the buses to be purchased will be used on county and city commuter routes. The State has calculated that it would be able to acquire approximately 100 new buses that will be used next year.

 

The total amount of money involved in the purchase and sale agreement with Spain is 688.5 million kroons.

 

The Government also authorised the minister of environment to sign an agreement for selling 0.5 million AAUs to the Japanese bank Sumitomo Mitsui Banking Corporation. The revenue from this transaction will be directed to enhance the energy sustainability of State authorities’ buildings – 11 buildings will be renovated.

 

Previously, Estonia has concluded two purchase and sale agreements with Austria for selling a total of 2.9 million AAUs.






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