Estonia to sell 10.45 million pollution credits to Japanese company

30.12.2010 | 14:25

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Tallinn, Stenbock House, 30 December 2010 - At today’s cabinet meeting, the Government approved the sales of 10,45 million AAUs to Sumitomo Mitsui Banking Corporation.

Under a Green Investment Scheme the proceeds will be invested into energy efficiency improvement of public buildings, which will lead to reduced energy consumption and consequent CO2 emissions reduction. In addition, the investments will improve the buildings’ internal climate and have a positive impact on the working environments and job creation in the construction sector.

Investments will be made in schools, hospitals, theatres, sports facilities, regional government buildings and Security Board’s regional departments. The planned investments altogether involve 132 real estate objects, of which 31 are in education, 12 in culture, 31 in internal security, 5 in social services sectors and 53 office buildings.

The Ministry of Finance together with the State Real Estate Company will be responsible for the implementation of the Green Investment Scheme.

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