The Asian country has signed its second deal in as many weeks with an East European nation to buy Assigned Amount Unit (AAU) credits. The previous agreement was with the Ukraine for 30 million tonnes.
The Czech deal was announced by Japan’s state-owned New Energy and Industrial Technology Development Organization which did not disclose a price for the AAUs.
Japanis expected to purchase as much as 100 million tonnes of credits to meet emissions targets set when it signed up to the Kyoto climate-protection treaty in 1997.
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