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The international energy situation > Environmental Commitments
Environmental commitments
A package of measures was agreed upon at the United Nations climate conference held in Durban, South Africa. The most important decision is the extension of the Kyoto Accord beyond 2012. The new commitment will develop as from 1 January 2013 until the end of 2017.

Extending Kyoto for five years also involves working on the legal definition of a new, legally binding treaty that will be decided on in 2015 and enter into force in 2020.

In Durban, another package of measures was also agreed upon, which ultimately would oblige all signatory countries to adopt a plan of measures to halt the pace of greenhouse gases. The participating countries also agreed to define new market mechanisms, and they will present their recommendations at the Qatar Summit at the end of 2012. The EU would like any new market mechanism for the reduction of greenhouse gases to become international law in order to prevent fragmentation of the CO2 market.

The Durban negotiations also established rules on carbon capture and storage, as well as clean energy projects in developing countries.

The new rules force project developers to place 5% of earnings from carbon credits in a reserve, which will be reimbursed to them only after observers have verified that there has been no filtration of carbon dioxide from underground storage 20 years after the end of the accreditation period.

In the first part of the year, the 27 countries of the EU presented the National Renewable Energy Action Plans (NREAPs). The combined data reveal that the Plans forecast reaching 34.3% of electricity generation using renewable energies in 2020.
Annual Report 2010
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    Gas Natural
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Annual Report 2.010: Sedigas - The Spanish Gas Association