Carbon Credit Sales to Buy CNG Buses in Poland

| Poland and Spain

Poland's Marcin Korolec and Spain's Federico Ramos sign a carbon credits transfer contract.

Marcin Korolec, Polish Minister of the Environment and Federico Ramos, Spanish Deputy Minister of Agriculture, Food and Environment signed a contract 4th October for the transfer of carbon credits under the Kyoto Protocol. The proceeds will contribute to energy efficiency projects in Poland by investments in ecological city transportation and smart city lighting systems. Polish industry group says some of the funds will be utilised for the purchase of new natural gas buses and conversion of fleet vehicles to natural gas.

Spain has purchased from Poland €40 million (USD 52 million) worth of Assigned Amount Units (AAUs). It serves as a contribution to the Polish Government’s Green Investment Scheme (GIS) designed to tackle climate change and at the same time helps Spain to meet its objectives under the Kyoto Protocol.

For Poland, it’s the eighth transaction to sell the AAUs since 2009 and the same time the biggest in terms of value and volume, with total sales under the GIS now reaching €170 million (USD 220 million).

The proceeds from the contract will provide co-funding for implementation of a wide range of energy efficiency measures like ecological public transportation and smart city lighting systems throughout the country. These measures will not only help Poland to decrease the energy consumption of the public transportation and city lighting and cut the costs for local governments, but will also help to reduce greenhouse gas emissions and improve the quality of air due to the decrease of fossil fuel use in transportation sector but also in electricity production., a group formed to promote environmentally sound and safe compressed natural gas (CNG) fuel in Poland, says the government will call for applications for funding projects for the purchase of new buses or conversion of currently operating vehicles to natural gas before year-end. Funding, the group said, could reach up to 100% of project value.

(This article primarily compiled using information from the Republic of Poland’s Ministry of the Environment)

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