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The construction of the fast-charging network was financed by using the funds received pursuant to a CO2 emission quota sales agreement entered into between the

The construction of the fast-charging network was financed by using the funds received pursuant to a CO2 emission quota sales agreement entered into between the Republic of Estonia and Mitsubishi Corporation. Anyone understand what this sentence from the article means?

brotheri 14y ago
Apparently Mitsubishi (as well as Sumitomo) bought some of the allowance of emissions - see here - http://www.ee.emb-japan.go.jp/economicrel.html http://www.ee.emb-japan.go.jp/economicrel.html Apparently that's part of the game with capping the emissions... http://en.wikipedia.org/wiki/Emissions_trading#Emission_markets http://en.wikipedia.org/wiki/Emissions_trading#Emission_mark... As far as I see - way to go :-)
TheAntipodean 14y ago
I believe it refers to Estonia selling off excess carbon credits to Mitsubishi under a mid-long term agreement. Mitsubishi needs to purchase these credits to stay within regulatory requirements pertaining to emittance of CO2 probably in the EU. Given that Mitsubishi is a large manufacturer they probably produce above their alloted quota of CO2 and therefore must purchase credits from someone/some organization (in this case Estonia) that does not use their full quota. Estonia is using the income from this agreement to fund the fast-charging network. This is all educated speculation as to its meaning. Apologies for no links to references to back up my understanding. I am sure a quick search will provide more information.
crdoconnor 14y ago
I'm not sure if this is entirely correct, but it seems to me that: Mitsubishi are giving this network for free to Estonia in exchange for a right to some of their pollution allowance under the kyoto protocol. Estonia has a lot of allowance spare because quotas were based upon the amount of polluting you used to do, and Estonia used to have a lot of heavy industry which fell apart in the 90s. So really, they got lucky and they got this network for free thanks to a quirk in the Kyoto protocol.

brotheri 14y ago

Apparently Mitsubishi (as well as Sumitomo) bought some of the allowance of emissions - see here - http://www.ee.emb-japan.go.jp/economicrel.html http://www.ee.emb-japan.go.jp/economicrel.html Apparently that's part of the game with capping the emissions... http://en.wikipedia.org/wiki/Emissions_trading#Emission_markets http://en.wikipedia.org/wiki/Emissions_trading#Emission_mark... As far as I see - way to go :-)

TheAntipodean 14y ago

I believe it refers to Estonia selling off excess carbon credits to Mitsubishi under a mid-long term agreement. Mitsubishi needs to purchase these credits to stay within regulatory requirements pertaining to emittance of CO2 probably in the EU. Given that Mitsubishi is a large manufacturer they probably produce above their alloted quota of CO2 and therefore must purchase credits from someone/some organization (in this case Estonia) that does not use their full quota. Estonia is using the income from this agreement to fund the fast-charging network. This is all educated speculation as to its meaning. Apologies for no links to references to back up my understanding. I am sure a quick search will provide more information.

crdoconnor 14y ago

I'm not sure if this is entirely correct, but it seems to me that: Mitsubishi are giving this network for free to Estonia in exchange for a right to some of their pollution allowance under the kyoto protocol. Estonia has a lot of allowance spare because quotas were based upon the amount of polluting you used to do, and Estonia used to have a lot of heavy industry which fell apart in the 90s. So really, they got lucky and they got this network for free thanks to a quirk in the Kyoto protocol.