Spain Needs $466 Million in Carbon Credits to Meet Kyoto Limit
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Spain may need to buy at least 355 million euros ($466 million) of carbon emissions permits to meet its obligations under the Kyoto Protocol, Agriculture Minister Miguel Arias-Canete said.
The country will need at least 67 million metric tons of emissions permits to cover greenhouse gas emissions that exceed the volume allowed under the 1997 Kyoto agreement, Arias-Canete told a parliamentary committee last week.