Spectator on facebook

Spectator on facebook

FOCUS SHORT

€47m earned from CO2 allowances

SLOVAKIA has sold emissions allowances, known as EUAs (European Union allowances), worth €47 million so far this year, permitting the buyers to emit 10.863 million tonnes of CO2 emissions. This comes out to an average price of €4.33 per tonne, Environment Ministry spokesperson Maroš Stano told the SITA newswire.

SLOVAKIA has sold emissions allowances, known as EUAs (European Union allowances), worth €47 million so far this year, permitting the buyers to emit 10.863 million tonnes of CO2 emissions. This comes out to an average price of €4.33 per tonne, Environment Ministry spokesperson Maroš Stano told the SITA newswire.

The ministry plans to sell EUAs for an additional 3.183 million tonnes of emissions. The current market price is €5.1 per tonne, which is a drop from the price at the end of 2012 of about €7. Thus, the ministry will not obtain the planned sum of €105 million. Proceeds should have gone to the environment fund to support so-called green projects. The ministry will patch up the gap in the fund from its own proceeds, which are to develop better than originally projected.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Industry


Top stories

Biker gang complex in Dolná Krupá raises questions

What does the Russian bikers’ gang Night Wolves do in the Slovak village of Dolná Krupá?

The complex in Dolná Krupá

Here is how I measure the speed of integration

Babiš proposes to end war, poverty and religious extremism with a snap of our fingers. Why hasn’t anybody else thought of this?

Andrej Babiš, Czech prime minister

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach