🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Japan to seal carbon deal with Ukraine soon -source

Published 03/16/2009, 02:07 AM
Updated 03/16/2009, 02:08 AM
TGT
-

TOKYO, March 16 (Reuters) - Japan is set to complete a deal this week to buy emissions rights from Ukraine, marking its first deal through a government-to-government trading scheme under the Kyoto Protocol, a Japanese government source familiar with the talks said on Monday.

Over the past two years, Japan has talked with about 10 eastern and central European countries, including the Czech Republic, Poland and Hungary, to help it meet its greenhouse gas emissions target under Kyoto.

Ukraine will deliver 30 million tonnes of so-called Assigned Amount Units (AAUs), half of which will be delivered in the Japanese fiscal year that ends this month and the other half in the next fiscal year, the source said.

Japan hopes to complete another AAU deal with a different eastern European country, estimated to be worth tens of million tonnes in April, the source added.

The source declined to comment further about the second AAU deal.

A second government source said that talks with Poland and Hungary had been delayed. (Reporting by Risa Maeda and Takeshi Yoshiike; Editing by Edwina Gibbs)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.