UN revokes Bulgaria's CO2 emission trade accreditation.

By bne IntelliNews June 30, 2010
In line with earlier information, the United Nations Climate Change Secretariat revoked Bulgaria's accreditation to participate in the Kyoto Protocol mechanisms, including to trade with carbon dioxide (CO2) emission quotas on the international market, the environment ministry informed. The Secretariat found serious flaws in the system for measuring emissions described in the annual report of Bulgaria, submitted in April 2009. As a result, it claimed that the country had failed to fulfill the recommendations made in 2007. An expert team is expected to visit the country in September or October and the results from the evaluation should be ready in November, which means that the accreditation may be restored by the end of the year. We remind that in April the EC approved the plan for CO2 quotas trade for the period from 2007 through 2009 after several rejections.

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