Austrian environment minister Martin Bartenstein today welcomed a new report sketching how the country could meet its Kyoto climate protocol commitment to cut greenhouse gas emissions by 13% by the period 2008-12. Commissioned from a specialist green investment bank, Kommunalkredit, the report puts at euros 1.2-1.4bn (AS16.5-18.7bn) the investments needed to reach the target. Additional funding of euros 270-330m would be required for promotional activities, the bank concludes. In a sector-by-sector analysis of how Austria's targeted reduction of 9.4m tonnes of greenhouse gas emissions can be achieved, the study proposes that traffic-related actions could achieve 3.8m tonnes, followed by the promotion of renewable energy, which could cut emissions by 3.5m tonnes, and actions on waste landfills, which could cut 2.3m tonnes. The other contributions would be 1.7m tonnes from making buildings more energy efficient, 1.5 tonnes from more efficient space heating, 1m from technological developments in industry and 0.5m tonnes from agriculture. Between 14,000 and nearly 27,000 new jobs could be created by implementing the plan, Kommunalkredit estimates. Some 9,000 of these would come from efforts to increase the energy efficiency of buildings and between 5,000 and nearly 18,000 from greater use of renewable energy.
Austrian environment ministry, tel: +43 1 51522 5050; Kommunalkredit, tel: +43 1 31631 213. References: Ministry press release, (in German)
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