Romania will have to carry over its surplus of assigned amount units

Romania’s Minister of the Environment and Forestry Rovana Plumb asked a meeting in Brussels of the European Union’s Environmental Council to allow Romania to carry over its surplus of assigned amount units.

‘ Romania’s national reserve of assigned amount units as well as the substantial cut in the greenhouse gas emissions are the result of a difficult transition that had painful economic and social effects,’ said Plumb.

Romania’s Ministry of the Environment and Forestry (MMP) reports that Plumb also addressed the proposal for a regulation of the European Parliament and the Council on ship recycling, mentioning that Romania is in favour of a quick implementation of the Hong Kong Convention and, implicitly, the approval of the regulation on ship recycling.

Romania currently has 300 million green certificates for trading.

This July, Romania received an approval from the European Commission for the assignment of 71.4 million greenhouse gas emissions certificates for free to electricity producers in 2013-2020.

The European Commission gave a favourable reply to Romania’s application of September 30, 2011 submitted by the Romanian Ministry of Economy, Trade and Business Milieu for Romania to continue to receive free assigned units for its electricity producers in 2013-2019.

Read the entire article: HERE

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