Poland signed a deal with Spain on Monday to sell €25m worth of AAUs or surplus carbon credits it has accumulated under the Kyoto protocol. The revenue from the sale will be invested in greenhouse gas emission reduction projects.
This is Poland's first AAU sale. Those involved in the deal did not disclose how many AAUs were sold or for what price. Over the past year, AAUs have fetched prices from €5.05 per tonne to €14 per tonne, analyst Point Carbon reports.
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