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(From Hungarian News Agency (MTI))
Budapest, December 9, 2004 (MTI-ECONEWS) - Hungary's government has set the quota for greenhouse gas emissions at 93.7m tonnes for the period 2005-2007. The figure is contained in Hungary's National Allocation Plan, which outlines for the EU how Hungary will distribute the quota among businesses.
The government will distribute the so-called carbon credits to businesses free of charge in February of next year, with the exception of 2.5pc of the credits, which the state will auction off. The sale of these credits should generate HUF 1.7bn-3.4bn. Half of the revenue from the sale will go toward the Ministry of Economics and …