FinSoul: Carbon emission trading could net Romania over $1.6 billion.

Jan. 28, 2010 - PRLog -- FinSoul has become aware of a recent press conference during which the Romanian Minister of Environment and Forests, Laszlo Borbely announced that the country’s current quota of carbon dioxide emission allowances could bring the nation between $1.6 and $2.01 billion by 2012.


'Romania's current quota of carbon dioxide allowances could bring the country between 1.2 and 1.5 billion euros by 2012. Unfortunately, we did not succeed in selling such allowances. We are in a one of a kind situation, although trades with such allowances could have been prepared as early as in 2000,' the minister told reporters.

Experts and researchers believe that Romania has many ideal carbon dioxide storage sites and that the only thing still needed to capitalize on this is the political will to ensure the funding required for the precise identification of these sites is made available, FinSoul has learned.

A recent survey by non governmental international environmental organizations showed that Romania currently holds a surplus of 200 million CO2 emission allowances, which, under the Kyoto Protocol the country is entitled to sell, which could generate by 2015 up to $2.8 billion in budget revenues, FinSoul was informed.

Romania is a participating nation in the European Union’s Emissions Trading System and was ranked ninth in the EU in 2008 by assigned quotas.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.