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Slovakia plans to sell emission quotas to Spain

03-01-2013 10:34 BJT

BRATISLAVA, Feb. 28 (Xinhua) -- Slovakia is to sell its 27 million tonnes of unused CO2-emission quotas (AAU) to Spain towards the end of March, Maros Stano from the Environment Ministry Communications Department said on Thursday.

Slovak Environment Ministry delegation headed by State Secretary Vojtech Ferencz held a meeting with the Spanish side in Madrid on Wednesday.

The recent talks, which followed a series of negotiations initiated last year, were held to negotiate the final terms of the contract. Part of the agreed sum will be allocated to projects involving low-carbon public transport, another part will be dedicated to projects involving energy efficiency in industry and buildings, and to support for renewable resources.

Slovak government noded to the sale of quotas in November 2012. There were two possibilities for the case: either to sell the entire package of 27 million tonnes of AAU to Spain, or 22 million tonnes to Spain and the rest to Austria.

European Bank for Reconstruction and Development will overseen the whole process of the sale.

Slovakia has sold its emission quotas in 2008 to garage-based company Interblue Group at a suspiciously low price which resulted in a scandal.

Editor:Bai Yang |Source: Xinhua

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