South Africa: 104m USD in projects

Feb. 18 (Bloomberg) -- South Africa is evaluating proposals from
companies to generate as much as 618 million rand ($104 million) in
seven years by cutting carbon emissions and selling emission
allowances, the country's mines minister said.
``These projects, when implemented, will reduce South Africa
carbon dioxide emissions by 21 million tons by the year 2012 and
generate revenue of 618 million rand by the year 2012 from sales of
certified emission reductions,'' Mining Minister Phumzile Mlambo-
Ngcuka told reporters today in Cape Town, South Africa.