Iceland Makes $2.6 Million Carbon Trade Deal With Slovakia
Iceland failed to meet its emissions targets set in the 1997 Kyoto Protocol between 2013 and 2020.
August 15, 2023
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The Icelandic Ministry for the Environment, Energy and Climate announced Monday that it had struck a $2.6 million deal with Slovakia for the purchase of 3.4 million carbon credits. Iceland failed to meet its emissions targets set in the 1997 Kyoto Protocol between 2013 and 2020 and decided the deal was its best course of action.
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