Sberbank to Sell Spare Emission Allowances
30 October 2009
Russia asked Sberbank to start selling the nation’s spare emission allowances assigned under the 1997 Kyoto Protocol, Point Carbon reported, citing an e-mail from a government official.
United Nations data shows Russia could have 1.13 billion tons of so-called Assigned Amount Units a year available for sale because its current emissions are 30 percent below its Kyoto target, the report said.
(Bloomberg)
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