Estonia is due to take in over €200 million in revenue from European Union CO2 quota trading, by far its highest figure to date and some of which is to be used in alleviating soaring electricity and natural gas prices. The eventual figure will not be known until year-end, but is likely to be over a third more than budgeted for earlier this year.
Finance Minister Keit Pentus-Rosimannus says a government relief package aimed at combating soaring energy costs in Estonia can be covered, at least in part, through surplus income from CO2 emission credits trading.