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Hungary sees HUF 6-8 bln revenue from carbon credit sales in 2011

Hungary expects revenue of HUF 6-8 billion from selling carbon credits this year, depending on market conditions, National Development Minister Tamás Fellegi said in a written response to a question by an opposition MP posted on the website of Parliament.

A carbon credit auction is expected to take place in the second half of 2011 on the Budapest Stock Exchange, Fellegi said. The government will also continue direct sales of the credits and is holding talks with all possible buyers, including governments, brokers and end-users, he added.