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HSE Annual Report 2010 (English) - WINTERSHALL

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26/27<br />

CO ² EMISSIONS TRADING.<br />

Emissions trading was introduced in the European<br />

Union as of january 1, 2005, as part of the implementation<br />

of the Kyoto Protocol. The goal of this system<br />

is to reduce CO ² emissions where it is cheapest to<br />

do so. Market players are facilities that produce<br />

emissions and have an output of more than 20<br />

megawatts capacity, energy-intensive industries<br />

and – as of 2012 – aviation. The second period of<br />

emissions trading in the European Union commenced<br />

on january 1, 2008, and will last until 2012.<br />

The companies involved are currently preparing for<br />

the 3rd trading period which will last from 2013 to<br />

2020 and involve major changes. As of 2013, the<br />

emissions trading system will be extended to other<br />

sectors and applied more stringently. In future,<br />

emissions rights will be auctioned to a greater extent<br />

and no longer distributed free of charge as is<br />

currently the case. The share of auctioned certificates<br />

will increase from 20 percent per annum in<br />

2013 to 70 percent by 2020. In addition, the total<br />

quantity of available certificates will be reduced<br />

continuously by 21 percent overall.<br />

Eleven plants at Wintershall/WINGAS are subject<br />

to the statutory requirements for emissions trading<br />

in the 2nd trading period from 2008 to 2012. They<br />

include compressor stations, the Rehden natural<br />

gas storage facility and the steam flooding plant<br />

in Emlichheim. Greenhouse gas emissions have<br />

already been reduced as a result of numerous<br />

projects aimed at improving energy efficiency.<br />

Wintershall is also involved in research projects<br />

investigating ways of storing and processing CO ² .<br />

Compressor station Mallnow in Germany

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