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.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335