Support The Moscow Times!

Ukraine Auctions ERUs

Ukraine's pipeline operator Ukrtransgaz will auction 9.8 million greenhouse gas Emission Reduction Units, or ERUs, this week, according to the First Independent Exchange, which trades energy commodities.

Ukrtransgaz, a subsidiary of Naftogaz Ukrainy, is offering 9.8 million tons of ERUs with a starting price of a 60 percent discount to the price of United Nations Certified Emission Reduction offsets at the First Independent Exchange on Feb. 24, the Kiev-based bourse said Wednesday.

Ukraine was suspended from emissions trading in October after the UN Framework Convention on Climate Change secretariat found flaws in the country's estimates of its greenhouse gas emissions before 2008.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.