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CzechRep sings contract with World Bank on emissions--press.
(From Czech News Agency)
PRAGUE, Aug 1 (CTK) - Czech Environment Minister Libor Ambrozek on Thursday signed a contract with the World Bank in which the bank pledged to pay the Czech Republic $4-7m by 2012 for more than one million tonnes of emissions that the country saves, daily Lidove noviny (LN) writes today.
The Czech Republic will thus earn hundreds of millions of crowns from trading in emissions in future.
The money will be paid from a fund to which contributions are paid by countries whose limits are usually much stricter than those in the Czech Republic and which are not able to comply with these limits, the paper adds.
The Czech Republic is the first country in Central Europe to sign ...
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