EE: Estonia sells EUR 256mn worth of emission quotas.

By bne IntelliNews February 18, 2011
PM Andrus Ansip told to the press that Estonia sold about EUR 256mn worth of carbon emission quotas so far. The funds raised from emission quotas sales are going to be used for financing renovation and energy efficiency projects, he noted. To remind, last month FinMin announced that non-tax budget revenues in 2010 outperformed due to sales of the emission quotas, without providing the absolute figure. Previously revenues from quotas sales were estimated at EUR 230mn, sold to few Japanese companies (Marubeni Corporation, Mitsubishi Corporation and Sumitomo Corporation among them).

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