2010/08/22

Fwd: Estonia to Top Annual Emission Credits Sale Plan, EPL Says

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Estonia to Top Annual Emission Credits Sale Plan, EPL Says
2010-08-23 05:50:06.910 GMT


By Ott Ummelas
Aug. 23 (Bloomberg) -- Estonia will exceed the government's
earlier plans for sales of spare United Nations carbon credits
this year, Eesti Paeevaleht reported, citing Environment
Minister Jaanus Tamkivi.
The east European country will sell about 1.7 billion
krooni ($138 million) of the so-called Assigned Amount Units, or
AAUs, after having already concluded five deals totaling
"almost" 1.5 billion krooni, the newspaper said. The
government said in March it may sell about a billion krooni
worth of spare United Nations carbon credits this year.
Estonia's preliminary 2011 budget plan includes revenue of
500 million krooni from planned emission sales, the newspaper
said.

For Related News and Information:
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Top environmental news GREEN <GO>
Carbon market events calendar ECAL <GO>

--Editor: Douglas Lytle

To contact the reporter on this story:
Ott Ummelas in Tallinn at +372-663-1128 or
oummelas@bloomberg.net;

To contact the editor responsible for this story:
Willy Morris at +44-20-7673-2254 or
wmorris@bloomberg.net