SPAIN must pay its way out of trouble after failing to meet green targets outlined by Europe’s Environment Agency.

The country is set to buy €400 million of emission-reduction credits from its greener European neighbours.

Nine countries including the Netherlands, Portugal and Ireland are weighing up the possibility of spending big to meet their targets.

A country failing to meet its green targets can buy credits from other countries that are over-achieving or invest in emission-reducing projects abroad.

There are currently 33 EU member countries subject to EEA targets.