The emission trading group is responsible for CO2 compliance for all StatoilHydro operated licenses. CO2 compliance will be achieved through trading of allowances and secondary credits.
StatoilHydro was the first to execute exchange traded European Allowance (EUA) and Certified Emission Reduction (CER) in the world.
The group has been an active trader since the start-up of the financial emission market.
An important topic in the effort to reduce the impact of our operations on the climate is the use of carbon emission trading, CDM (Clean Development Mechanisms) and JI-prosjekter (Joint Implementation Projects) as important tools for achieving cost-effective reductions in global emissions.
In addition we will contribute actively to ensure continued emission trading after 2012, the time horizon for the Kyoto agreement.
