A blog from University of Borås

Sunday, March 6, 2011

Swedish contribution to the global reduction of CO2 emissions

Carbon emission credit is a means to regulate the global emission of carbon dioxide and other greenhouse gases. At the moment, there are two programs named CDM (Clean Development Mechanism) and JI (Joint Implementation), in which the developed countries help more developing countries in reducing their emissions. There are today a total of about 2500 CDM projects, in which China and India absorbed about 2/3 of all the projects. A latest report by the Swedish Energy Agency, show that Sweden is financing 40 projects (3 in Brazil, 5 in India, 19 in China, one in Malaysia, one in Thailand, 2 in Vietnam, one in Benin, and 2 in Mauritius, 2 in Rwanda, 2 in Tanzania, one in Estonia and one in Romania), which cost about 300 million SEK per year. It is equal about 85 SEK/ton CO2. However, this price is much less than the tax of CO2 in Sweden (1050 SEK/ton CO2). Sweden has a goal to reduce the total CO2 in 2020 to a level of 60% of the total reduction in 1990, i.e. 31 million tons CO2 per year. You can read the report for more information (although it is in Swedish).

The geographical distribution of CDM projects in the world. Ref: www.unfccc.int

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