The Czech Republic has agreed to sell surplus carbon credits (AAUs) to Spain and Austria amounting to 8.5 million tonnes of emission reductions, the country's environment ministry announced this week.
Spain and Austria will receive five and 3.5 million AAUs respectively to help them comply with their Kyoto targets for the period 2008-12. Czech emissions are expected to be about 17% below the country's target. Under the Kyoto protocol, the Czechs can sell their surplus credits to other emitters.
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