Home / BUSINESS / Romania received over EUR 15 M from the sale of greenhouse gas allowances in December
greenhouse gas allowances

Romania received over EUR 15 M from the sale of greenhouse gas allowances in December

The Romanian State got EUR 15.2 million last month, after trading the greenhouse gases emissions allowances on the EU’s joint auction platform, emissions of greenhouse gases for stationary installations and aviation industry, Ministry of Public Finance (MFP) announced.

Thus, 2.09 million certificates for stationary installations were sold in July, worth about EUR 15.25 million. Last year, the state collected about EUR 195 million, including the amounts in the aviation sector.

According MFP data, the EU Emission Trading Scheme – ETS was applied initially for January 1, 2005 – December 31, 2007 period and the second phase of scheme runs during 2008 – 2012, corresponding to the first commitment period of the Kyoto Protocol.

The third phase of the EU ETS scheme lasts eight years, between January 1, 2013-December 31, 2020.

European leaders have struck a broad climate change pact obliging the EU as a whole to cut greenhouse gases by at least 40 percent by 2030.

 

About Anca Bernovici

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