Romania, suspended from trading CO2 rights

Romania will not be able to trade surplus carbon emissions until it resolves the issues found by the Compliance Committee for the Kyoto Protocol, according to the country's Environment and Forestry Ministry. A similar measure was taken against Ukraine as well, as both countries have breached the Kyoto Protocol. Romania has not reported its national emissions inventory correctly. "Romania will prepare a revised version of the national inventory and send it to the UNFCCC and based on its evaluation will then ask to reinstall eligibility as soon as possible," the environment ministry said in a statement. The Kyoto Protocol has assigned emissions caps to developed countries through a quota of carbon permits or credits. This program started in 2008 and will end in 2012. Countries which stay under the targets can sell the difference of assigned amount units (AAUs) on the open market. editor@romania-insider.com (photo source: Sxc.hu)