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EU officials criticize new Europe for trading carbon credits

Posted on 29 October 2010

From Err.ee: European climate change officials have rapped Estonia and other new member states for heavy trading of their carbon credits, saying that the practice is at cross-purposes to the spirit of Kyoto and other environmental accords.
Estonia began trading its allowances as part of an effort to raise money to balance the state budget during the recession. In 2010-2011 it is expected to sell a total of about 141 million euros worth of the so-called Assigned Amount Units (AAU)……………………………………….Full Article: Source


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