Cabinet to discuss change to usage of revenues from emissions allowances

The Czech government will on Wednesday discuss a bill under which all revenues from emissions allowances would in future be spent on measures that reduce or offset the impacts of climate change. At present the state is only obliged to use a portion of such revenues for those purposes.

The Czech News Agency said that the cabinet would also need to discuss who would control income from the auctioning of allowances, as a number of ministries are keen to do so.

Revenues from emissions allowances should amount to CZK 40 billion this year.