ENDESA launches the private initiative to make large scale purchases of emission rights

New York, NY, Oct. 19, 2005 — ENDESA has launched a global CO2 emissions rights purchasing initiative. The target is to purchase 15 million CO2 emissions rights through to 2012 via the flexible mechanisms provided for in the Joint Application Clean Development Mechanisms contained in the Kyoto Treaty.

To this end, ENDESA is planning to set up workshops worldwide with the purpose of explaining the contracting procedures and agreements necessary to carry out the rights trading. The five-step process for trading CO2 rights on behalf of ENDESA guarantees, according to the company, both the buyer and the seller security throughout the entire procedure, starting with project analysis and culminating in the signing of a CO2 emission rights contract between the company and the project developer.

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