UN restores Bulgarias CO2 emission trade accreditation.

By bne IntelliNews February 7, 2011
The United Nations Compliance Committee of the Kyoto Protocol has fully restored Bulgarias accreditation for greenhouse gas emissions trading during its 12th meeting in Bonn on February, 3-4, a note on the website of the council of ministers informs. We remind that the UN terminated Bulgarias trading rights in June due to the lack of a functioning system for measuring annual greenhouse gas emissions in 2007 and 2008. The country was also criticised for excluding certain sectors (e.g. landfills) from the system and for not considering the effect of forestation on emission levels. The latest review of Bulgarias readiness to enter CO2 trade in October showed that Bulgaria already has a working system and its accreditation might be restored in end-2010 or early 2011.

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