"Both financially and in terms of the number of tonnes the deal is small, though it is the largest Trans-Atlantic trade of carbon dioxide (emission credits) so far," Fortum executive Heikki Nieminen told Reuters.
The deal with Alberta-based EPCOR was made possible by Fortums reduction of CO2 emissions by about 200,000 tonnes per year at its Joensuu power plant in Finland thanks to a shift to biomass, Fortum said.
Greenhouse gas emission credit trading between states is an approach to solving the global climate problem, and Fortum said it would play a role as both a buyer and seller of credits in the future.
The deal was brokered by Natsource LLC, a leading agent of energy and environmental-related products, Fortum said.
