Slovakia likely to sell emissions quotas to Spain

Slovakia currently has 27 million tonnes of AAU (Assigned Amount Units or 'carbon credits') carbon-dioxide emission quotas for sale, with the country holding talks with Spain and Austria, the TASR newswire learnt from Environment Minister Peter Žiga on Wednesday, November 7.

Slovakia currently has 27 million tonnes of AAU (Assigned Amount Units or 'carbon credits') carbon-dioxide emission quotas for sale, with the country holding talks with Spain and Austria, the TASR newswire learnt from Environment Minister Peter Žiga on Wednesday, November 7.

According to Žiga, Slovakia is close to sealing a deal with Spain, which could buy 22 million tonnes of quotas. The minister refused to specify at which price, although he pointed out that market prices are significantly under €1 per tonne. In 2008 Slovakia sold emission quotas in murky circumstances to an alleged front company, Interblue Group, at €5.05 per tonne. The company subsequently re-sold them to Japanese companies at roughly €8 per tonne. Interblue Group was also supposed to pay €1 per tonne for so-called green projects, but has never done so.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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