Firm plants trees to offset CO2 emmissions

23rd May 2007, Comments 0 comments

23 May 2007, MADRID - Spain's Liberty Seguros plans to spend some USD 65,000 to plant 240,000 trees in Costa Rica to offset 37,600 tons of carbon dioxide (CO2) emissions annually and reforest 1,800 hectares (4,444 acres) of jungle.

23 May 2007

MADRID - Spain's Liberty Seguros plans to spend some USD 65,000 to plant 240,000 trees in Costa Rica to offset 37,600 tons of carbon dioxide (CO2) emissions annually and reforest 1,800 hectares (4,444 acres) of jungle.

The insurance company's CEO, Luis Bonell, said the company estimates it emitted 4,843 tons of CO2 in 2005 through electricity consumption at its offices and use of vehicles in Spain.

The company wants to offset all of its CO2 emissions via the project in Costa Rica. In addition, it plans to reduce energy consumption by some 6 percent this year.

Bonell said this was the first attempt by a large company to offset all of its CO2 emissions in Spain.

The director of Spain's Fundacion Ecologia y Desarrollo, Victor Viñuales, said his environmental group worked with Fundacion Natura and the company on the project.

"This initiative is an example to imitate" because in the fight against climate change "we have to act now," Viñuales said.

"The economic effort that a citizen, a company or a country must make to fight global warming can be lived with," Viñuales said, adding that what was not bearable was "the cost of doing nothing." EFE

[Copyright EFE with Expatica]

Subject: Spanish news

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