Iceland encouraged to create long-term policy on CO2 emissions Skip to content

Iceland encouraged to create long-term policy on CO2 emissions

Halldór Thorgeirsson, head of the United Nations Climate Secretariat in Bonn, Germany, said Iceland should create a long-term policy on CO2 emissions like many other countries have. Norway aims to have no net emissions by 2050.

In Thorgeirsson’s opinion it is realistic for Iceland to achieve that goal as well.

Iceland is responsible for emitting over three million tons of greenhouse gases every year. “If you calculate that at a market price of 20 dollars [EUR 15] for each ton of CO2, it would cost 60 million dollars [EUR 44 million] to offset Iceland’s CO2 emissions,” Thorgeirsson told Morgunbladid, adding that is a sum he does not consider too high to pay for CO2 offsetting.

Thorgeirsson is currently organizing the next summit for member nations of the UN Climate Secretariat, to be held in Bali, Indonesia, December 3 to 14.

“The deciding moment has come for launching negotiations and creating policies on emitting greenhouse gases after 2012, when the commitment period for the Kyoto Protocol expires,” Thorgeirsson said.

Thorgeirsson also recommended that Iceland increase its participation in offsetting CO2 around the world.

Iceland’s government and Icelandic companies have unused opportunities in cooperating with developing countries, he said, on exporting knowledge in the field of energy harnessing and in using permission for CO2 emissions that are created in Iceland as a result.

Last year, trade related to CO2 emissions, both in developing countries and within the EU, were worth ISK 1,800 billion (USD 30 billion, EUR 22 billion).

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