UK ambassador Barnett: CO2 emission storage and capture can create new jobs

Investing in renewable energies, boosting research on green technologies and the sustained efforts on the storage and capture of the CO2 emissions can create new jobs, they represent the key solutions for implementing a strategy for a clean environment, UK Ambassador to Romania Robin Barnett told an international conference on environment hosted by Bucharest on Thursday.

There is need to focus on investing in renewable energies and on boosting the research on green technologies.
Also, the area of the storage and capture of the carbon emissions can generate new and new jobs. In this sector, in Britain alone some 900,000 jobs have been created, Barnett stressed.

He believes the main ways to be followed in order to combat the climate changes are the renewable energies, the market of the trading in carbon emission certificates as well as capturing and storing the carbon emissions.

According to the National Greenhouse Gas Inventory drawn up by the Romanian environment ministry, the fall in the carbon dioxide emissions over 1989-2007 (from 193.307,70 Gg to 110.883 Gg) is the result of the reduced quantities of fossil fuel used in the energy sector amid the activity decline.

Statistic figures released by the European Environment Agency show the energy sector is the most important in Romania, being responsible for generating 68.3 percent of the greenhouse gas in 2007.

Romania has a surplus of 200 million carbon dioxide emission certificates and their sale could bring some two billion euros to the state budget by 2015, specialists say.
According to Kyoto Protocol, Romania is entitled to sell a surplus of no more than 200 million CO2 certificates.

Environment Minister Nicolae Nemirschi told in early July that Romania has not yet found a buyer for the emission surplus.
‘Talks on this topic are ongoing.

The 150 million tonnes of CO2 emissions will be sold, but for the moment we do not know to whom. Talks have been held for two months and in the upcoming period we’ll reach a conclusion’, the minister said.

Romania, one of the countries that takes part in the European trading in the carbon dioxide quotas following the Kyoto Protocol, ranked 9th in the European Union in 2008 by the allotted quotas, namely 70.65 million tonnes of CO2 equivalent, show figures released by the European Commission.

The Romanian verified carbon dioxide emissions dropped 8.7 percent in 2008 from 2007 to 63.5 million tonnes, while the number of facilities climbed 3.3 percent to 252.

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