Ukraine to sell carbon credits to Spain
The government's decision said it wanted to sell 3 million Assigned Amount Units (AAU) to Madrid and gave no further details of the transaction facilitated by the Kyoto Protocol's emission trading scheme.
Prime Minister Yulia Tymoshenko said in July Ukraine wanted to earn $2 billion from CO2 rights sales after Japan bought 30 million AAUs earlier this year. Ukraine said that deal was worth $375 million.
The government had said in May it was looking to sell this year 100 million AAUs to Swiss-based Dighton Carbon SA and another 50 million to New Zealand's Tawhaki International LP.
Ukraine was allocated 4.5 billion AAUs between 2008-2012 but due to a deep recession and steeply falling industrial activity, it estimates it needs to use only 2.8 billion. The country is allowed to sell about 450 million AAUs a year.
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VANCOUVER - The federal government is not going to argue against halting construction of the controversial Site C hydroelectric dam in British Columbia while a B.C. court decides if the project violates constitutionally protected treaty rights.
Work on Site C suspended prior to First Nations lawsuit
However a spokeswoman for Environment Minister Catherine McKenna said Monday the government will continue to defend the federal approval given for the project in December 2014, even though that approval was given using an environmental review process McKenna herself has said is fundamentally flawed.
The Site C project is an 1,100-megawatt dam and generating station on the…
