Romania could cash EUR 1.2 bln from carbon emission allowance trading

Romania's current quota of carbon dioxide emission allowances could bring the country 1.2 - 1.5 billion euros by 2012, Minister of Environment and Forests Laszlo Borbely told a press conference on Wednesday.'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 ...

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