Poland sells CO2 emission rights to Japan.

By bne IntelliNews December 10, 2010
Poland's deputy environment minister Janusz Zaleski and representatives of Japan's New Energy and Industrial Technology Development Organization (NEDO) have signed in Cancun, Mexico, an agreement under which Poland will sell 4mn assigned amount units (AAU), the ministry's spokesperson Magda Sikorska has announced. This is the firth deal to sell Poland's rights for the emission of dioxide from coal (after sales to Spain, Ireland and two private Japanese entities). Poland has a third (after Russia and Ukraine) volume surplus of AAU units in the world: 500mn tones of AAU in 2008-2012. It transpires from the fact that Poland limited CO2 emission by 30% vs. the level in 1988, which was a estimations base, and then Poland was obliged to reduce CO2 by 6%. tom

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