Money for carbon credits to go to Environment Fund

11-08-2008

Revenues from the sale of free carbon credits will go to the Czech Environment Fund, under an amendment signed by President Václav Klaus on Monday. The funds are to be spent on activities aimed at reducing greenhouse emissions. The Czech Republic will not use all carbon credits it was allocated due to a significant decrease of emissions in the 1990s. Environment Minister Martin Bursík previously said that the Czech Republic could get 20 to 30 billion crowns for the carbon credits.