8. November 2012 at 10:00

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.

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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.

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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.

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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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