BUSINESS BRIEFS

Slovak company sells fresh air to Japan

THE SLOVAK firm Menert and two towns, Šala and Nové Zámky, which have been emitting lower levels of carbon dioxide than allotted under the Kyoto Protocol, have sold credits for their unused greenhouse gas allowance to Japanese company Sumimoto, according to the SME daily.

The trade is reportedly one of the first emissions trading deals under the Kyoto Protocol, which requires signatory countries to reduce emissions of six greenhouse gasses.

EU member and accession states, all of whom are Kyoto signatories, are required to cut emissions across the enlarged union by 8 percent below 1990 levels by 2012.

To help spread the cost and reduce economic impacts of the reductions, the EU is planning to set up an international bourse for emissions trading by 2005, allowing countries not using their full Kyoto quota to sell surplus emissions in the form of credits to other countries and firms on an open market.

Unofficial data says that Japan paid more than $1.5 million (€1.3 million) to the western Slovak town of Šala for the credits. The Netherlands is also interested in buying "fresh air" from Slovakia, writes SME.

Get daily Slovak news directly to your inbox

Top stories

Railway station in Košice

Who’s the foreigner in this country now?

The virus has highlighted some differences between migrants and locals, but erased others.

9 h
Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

23 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

22. jan
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan