Poland to sells CO2 emission rights to Japan for EUR 30mn.

By bne IntelliNews March 4, 2010
Poland will gain EUR 30mn from Japan from the sale of rights for the emission of dioxide from coal, environment minister Andrzej Kraszewski has announced. This is the third sale of assigned amount units (AAU) - previously, Poland sold CO2 emission rights to Spain (for EUR 20mn in November) and Ireland (for EUR 15mn in December). In February, Kraszewski said that Poland counted on obtaining EUR 1bn from the sale of AAUs of CO2, by 2012. According to him, Poland has 500mn tones of AAU, which could be worth of up to EUR 4bn, however, it would be difficult to find purchasers for the whole volume. He added then that there were talks in progress, and "the queue is long," hence the ministry wanted to organize the second or even the third negotiating team. Poland has a surplus of emission rights estimated at 500mn AAUs, the third biggest one in the world in the period of 2008-2012.

BANKING AND FINANCE

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