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Missing the Kyoto Target Will Cost Austria € 800m
Politics ♦
Published: July 13, 2011; 21:14 ♦ (Vindobona)
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Total costs of missing the target for the period 2008 to 2012 will amount to not less than € 800m. € 450m have already been spent on the purchase of certificates.
Missing the Kyoto Target Will Cost Austria € 800m / Picture: © Vindobona.org
In a study on the energy sector, the consulting company A.T. Kearney estimated that Austria will have to pay € 800m for missing the targets stipulated in the Kyoto protocol. Austrian CO2 emissions are expected to increase to 87 million tons in the year 2010. Due to the economic crisis, emissions fell to 80.1 million tons in 2009, after 86.6 million tons in the year…
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