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PRAGUE The Czech Republic on Wednesday signed a deal to sell 20 million carbon credits to Japan after selling twice as many there earlier this year, the Czech environment ministry said on its website.
The country, which sold unused permits to emit 40 million tonnes of carbon dioxide (CO2) to Japan in the spring, expects to get 10 billion korunas (397 million euros, 582 million dollars) this year from these and similar deals.
“We are also in talks on the sale of carbon credits with other countries and private companies,” said deputy minister Jan Dusik.
Under the Kyoto Protocol, negotiated at a 1997 climate-change summit in Japan, Prague is committed to reducing its carbon emissions by eight percent from 1990 levels by 2012.
But it has already cut them by 24 percent owing to industrial restructuring and other measures, giving the government 140 million units of carbon credits.
Japan, host of the Kyoto Protocol, is badly behind in meeting its own targets as the government hesitates at restricting industry amid an uncertain economy.
But its new Prime Minister Yukio Hatoyama pledged last week to world leaders to make sharp cuts in greenhouse gas emissions and to step up aid to poor countries to combat climate change.
“For its mid-term goal, Japan will aim to reduce its emissions by 25 percent by 2020 if compared to the 1990 level,” Hatoyama told a climate change summit at the UN General Assembly.
The Czech ministry said earlier it expected to use the income from the sales to boost the energy efficiency of local households and on support to heat production from renewable sources, in line with the Kyoto Protocol.
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