Kazakhstan plans to sign an agreement with the Chicago Climate Exchange this year to sell its greenhouse gas emission quotas, the country's deputy environment minister said on Wednesday.
Chicago Climate Exchange (CCX) is the voluntary pilot program for trading of all six greenhouse gases.
"We prepared the first memorandum to be signed with the Chicago Climate Exchange by the end of this year, to provide our enterprises with access to such a vast international market," Eldana Sadvakasova said.
Kazakhstan ratified the Kyoto Protocol, a legally binding agreement restricting carbon emissions, in March 2009. Under the Protocol, countries can sell their unspent emission quotas to other states. The incomes, however, can be used solely to finance environmental projects.
ASTANA, September 15 (RIA Novosti)