Fwd: + Poland Sells 4 Million Kyoto Emission Rights to Japan (Update1)

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Poland Sells 4 Million Kyoto Emission Rights to Japan (Update1)
2010-12-10 08:38:06.79 GMT

(Adds background on Polish AAUs in fourth paragraph)

By Marta Waldoch and Marek Strzelecki
Dec. 10 (Bloomberg) -- Poland sold 4 million emission
permits under the Kyoto Protocol to Japan, adding to 80 million
euros ($106 million) of sales so far this year.
The environment ministry didn't disclose the value of the
Japanese sale in an e-mailed statement late yesterday.
Assigned Amount Units, or AAUs, are allocated to countries
with greenhouse-gas emission targets that were set as part of
the 1997 Kyoto Protocol. Each is a national license to release
the equivalent of 1 metric ton of carbon dioxide from utilities
and factories. The system allows countries with spare credits to
sell them to nations that exceed their quota.
Poland has the world's third-largest surplus of AAUs after
Russia and Ukraine, amounting to around 500 million permits for
the five years from 2008, according to the ministry.

For Related News and Information:
Top Renewable Energy Stories: GREEN <GO>
Emission market news: NI ENVMARKET <GO>
Today's top energy stories: ETOP <GO>
European power-markets home page: EPWR <GO>

--Editors: Alex Devine, Torrey Clark.

To contact the reporter responsible for this story:
Marta Waldoch at +48-22-433-4462 or
Marek Strzelecki in
Warsaw +48-22-433-4471 or mstrzelecki1@bloomberg.net