Portugal’s EDP to invest in reduction of CO2 emissions

24 November 2006

Lisbon, Portugal, 24 Nov – Energias de Portugal (EDP) will invest around euros 500,000 in an agroforestry project aimed to reduce Portugal’s CO2 emission deficit, which could lead to more free emission licenses being issued after 2010.

The agroforestry project, also involving Portuguese company Terraprima, is among national measures envisaged by Portugal’s carbon fund to reduce CO2 emissions and aimed to meet Lisbon’s commitments to the Kyoto Protocol in climate change.

The agroforestry project is being developed in a 500 hectare area along the banks of the River Zezere and will allow 7,000 tons of CO2 to be captured in the soil between 2006 and 2010 to reduce Portugal’s atmospheric emissions balance, currently with an annual deficit of 3.72 million tons. (macauhub)