Slovak News Back to the news
Medved to Send Green Investment Scheme Report to Interblue Group
Tuesday 24 November 2009 Zoom in | Print page
Bratislava, November 24 (TASR) - Slovak Environment Minister Jozef Medved will send a report on creating a Green Investment Scheme (GIS) with the Government's insulation programme included to American company the Interblue Group, Jana Kaplanova from the ministry told TASR on Tuesday.
This will be a step forward in meeting part of the contract between Slovakia and the Interblue Group, based on which the company will pay an extra €1 per tonne of carbon dioxide if it can be shown that the money it handed over has been spent on green projects.
Kaplanova explained that the goal of the insulation programme is to save energy and improve the heating of housing, which is fully in accord with the activities supported by the GIS.
"Based on the range and character of the programme we consider insulation to be a suitable type of activity, leading to a long-term reduction in energy spending, and it should show positively in the review of greenhouse-gas emissions," said Medved.
The Slovak Construction Ministry applied for the insulation programme to be ranked in the GIS on Tuesday morning. Linda Vaskovicova from the Construction Ministry said that the parameters of the Green Investment Scheme were set several months after the insulation programme was passed. "The conditions of the GIS were set in a way that the Construction Ministry couldn't fully accept them," she said. The two ministries then agreed to harmonise the goals of GIS with the insulation programme.
Last year Slovakia sold 15 million tonnes of emission quotas to the Interblue Group for €5.05 per tonne. The company should pay another euro per tonne for so called green projects. The Interblue Group at the same time reserved the right to buy free quotas not subject to the contract until 2012, when the contract between the company and Slovakia ends. Parliamentary Chairman Dusan Caplovic, who was responsible for the Environment Ministry before Medved took up the post decided to scrap this right due to widespread criticism of the contract.
All rights reserved. Any publishing or further dissemination of press releases and photographs from TASR's resources without TASR's prior written approval constitutes a violation of the Copyrights Act.
