Companies emitted less CO2 in 2007

Czech companies emitted less CO2 in 2007 than they were permitted by the emission quotas allocated by the European Commission. Last year, Czech industries emitted 77.7 million tons of carbon dioxide, which was 7.1 million tons less than allowed by the European Commission. They can now sell the surplus carbon dioxide credits, making an estimated profit of more than 3.5 billion crowns, or over 216 million U.S. dollars. Despite dropping levels of CO2 emissions in the Czech Republic in recent years, the European Commission will allocate Czech companies even more carbon dioxide emissions credits between 2008 and 2012.