02.10.2008 - Eastern Europe's carbon credit windfall
From Business Week: In an odd twist on market economics, Europe's ex-communist states are starting to exploit a new market. Thanks to the Kyoto climate-change agreement, they can, in effect, now make money off the pollution their onetime central planners were willing to tolerate as the price for rapid industrialization and universal employment. Ukraine, Hungary, the Czech Republic and other countries of the region not exactly renowned for clean air have made or are close to signing deals to sell the rights to emit greenhouse gases, and their main customer is environmentally friendly Japan...... Full Article: Source
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