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Estonia to sell pollution quotas for 5.8 mln kroons to Japan

Published at: Sep 23, 2010
source: The Baltic Course

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The Estonian Government approved at its session on Thursday the sale of unused AAUs to Japanese conglomerates Marubeni, Mitsubishi and Sumitomo

The revenue from the sale will be allocated to investments improving the energy sustainability of public sector buildings, reported the Government press office. In selecting the objects, sectors improving the quality of public services were prioritised. Mostly the State will renovate schools, museums, theatres, hospitals, social welfare institutions and border crossing points.

Minister of environment Jaanus Tamkivi noted that in addition to the buildings included in the plans, local government buildings are also to be renovated. The renovation works will be organised by the State Real Estate Company along with the owners of the renovated buildings and the Ministry of Finance will be in charge of implementing the projects.

Earlier, Estonia has concluded contracts for selling pollution quota units with the Republic of Austria, the Kingdom of Spain, the Grand Duchy of Luxembourg and with the Japanese bank SMBC.

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