IFA ’06: Fertilisers suited for emissions trading
06 June 2006 17:43 [Source: ICIS news]
CAPE TOWN, South Africa (ICIS news)--There are only five known fertiliser plants registered to trade emissions, but the industry is well suited to profit from carbon trading, Henk Sa, an associate director of EcoSecurities, said on Tuesday.
Emissions trading is an industry that stemmed from the Kyoto Protocol, an international treaty where countries agree to limit carbon dioxide and other greenhouse gas emissions. Countries that are committed to reducing emissions by a certain amount are able to meet their targets by trading emissions credits.
Fertiliser plants in countries that are not bound to reduce emissions by a certain amount can install equipment to reduce emissions of nitrous oxide, which is one of the protocol targets, and sell to facilities exceeding their limit, Sa said.
He said the program expires in 2012, but said a project pays for itself in a few weeks.
The World Bank recently said that global emissions of carbon dioxide (CO2) have increased 15% since 1992 and continue to rise.
By: Mark Quiner
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