Spain buys over 6 Million Tonnes of Carbon Credits from Eastern Europe

Image credit: Rafael Laguillo/iStockphoto According to the Spanish newspaper El País last week, Spain will be the first big buyer of CO2 emission rights from Eastern Europe, in order to fulfil the Kyoto Protocol. In 2007, Spain’s emissions had increased by 50% since 1990,

although the Kyoto protocol only allows a 15% increase for EU countries. “Luckily” the Kyoto protocol allows countries to sell and buy surplus emission rights

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Spain buys over 6 Million Tonnes of Carbon Credits from Eastern Europe