A United Nations body has registered a project by building materials group CRH in the Ukraine under a scheme designed to reduce CO2 emissions under the Kyoto agreement.
The UN's Joint Implementation Supervisory Committee (JISC) gave the approval for CRH's project to convert its cement plant at Kamenets-Podilsky in Western Ukraine from wet to dry process.
CRH says the €210m investment will have the potential to reduce emissions of CO2 in Ukraine by up to three million tonnes by 2012. The move means CRH can count the resulting reductions in emissions in Ukraine towards meeting its Kyoto targets in Ireland.
