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Slovaks to Sell Spain Fewer Kyoto Carbon Permits Than Planned

Aug. 21 (Bloomberg) -- Slovakia will sell Spain fewer of its surplus United Nations carbon-dioxide permits than originally planned, the east European country’s Environment Ministry said, without giving a reason.

A cabinet meeting in Bratislava today authorized selling Assigned Amount Units representing 7 million tons of carbon dioxide equivalent to Spain, ministry spokesman Maros Stano said by phone. A November plan envisioned selling permits for at least 22 million tons of greenhouse gas emissions.

Stano said the purchase price was confidential and the government would hold talks with other potential buyers for the remaining spare permits worth about 20 million tons of emissions.

AAUs were distributed to nations based on the Kyoto Protocol, which set limits on greenhouse-gas emissions for the period 2008 to 2012. A global economic slowdown since 2008 has caused industrial production to stagnate, boosting the supply of spare permits.

To contact the reporter on this story: Radoslav Tomek in Brussels at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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