November 7, 2012 / 3:03 PM / in 5 years

Slovaks in talks with Spain, Austria over Kyoto units

BRATISLAVA, Nov 7 (Reuters) - Slovakia is close to a deal with Spain to sell 22 million tonnes of its surplus United Nations’-backed emissions credits which are allocated under the U.N.’s climate change pact the Kyoto Protocol, the environment ministry said on Wednesday.

The euro zone country currently has 27 million tonnes of excess Kyoto credits, known as Assigned Amount Units (AAUs), Environment Minister Peter Ziga said after a government meeting.

“We are also in talks with Austria,” he said.

Ziga said prices per tonne are still to be agreed, but they should be around current market levels, which are estimated at around 0.80 euros a tonne. (Reporting by Martin Santa; editing by Nina Chestney and James Jukwey)

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