Slovak government approves sale of 27 million tonnes of Kyoto units
BRATISLAVA (Reuters) - The Slovak government approved on Wednesday sale of 27 million metric tons (29.76 million tons) of its surplus United Nations'-backed emissions credits to Spain and potentially also to Austria.
A document debated by ministers on Wednesday showed the euro zone country could sell Spain all 27 million tonnes of the so-called Assigned Amount Units (AAUs) - allocated under the U.N.'s climate change pact, the Kyoto Protocol.
The second option says 22 million tonnes would go to Spain and 5 million tonnes to the neighboring Austria. The environment ministry was tasked with continuing negotiations with both European Union countries.