Govt to buy up €3 million worth of carbon credits from Slovakia to meet climate targets

The Government is due to buy up almost €3 million worth of carbon credits from Slovakia ahead of an EU deadline for emission target compliance

THE GOVERNMENT IS due to buy up almost €3 million worth of carbon credits from Slovakia ahead of an EU deadline for emission target compliance.

Additionally, Ireland had over 2.9 million credits on hand from previous transactions that were carried out by the National Treasury Management Agency . In particular, the regulations allow for EU states to sell or buy carbon credits from other countries as well as allowing them to carry forward a 5% emission allocation to the next year.

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