Tuesday, 17 March 2009

To Russia With Love From Denmark

Russia has begun to work on modernising its inefficient power plants and that's thanks to The Danes. The good news about this is that Russia is one of the world's highest emitters of green house gases. Much of this however is due to antiquated inefficient industrial centres. Supplying heat and hot water for the public sector, accounts for a staggering 45 per cent of Russia’s domestic energy usage. So any clean up operation like the Danish venture in Kirov which will reduce emissions form 100 of these leaky power stations is a step along the right path.

So what's in it for Denmark? Well, they're in fact buying emissions reductions units from Russia which is providing the investment for this venture and this will allow them...Denmark...expansions within their Kyoto agreements.

Now.. not only will this operation reduce CO2 emissions from Russia obviously it will also conserve to some degree some natural gas. Russia is in fact the largest exporter of natural gas in the world. ..but with only about fifty years of supply left ..in the pipeline.. so to speak it is not only in the interests of the Russian people to rejuvenate their plants and so waste less of this precious resource but aso it will keep the cost of gas to Europe at a lower price.

Well... no incentives maybe then for Europeans to cut usage with cheaper gas you, may well say... But surely over all this is a positive move and a sign of Russia's endorsement of initiatives to halt climate change.

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