Romania sells EUR 18 mln greenhouse gas emissions certificates in June

The Romanian state cashed EUR 18.6 million from trading greenhouse gas emissions certificates on the EU Emissions Trading System (EU ETS) platform in June this year, according to data from the Finance Ministry. A total of 3.76 million certificates, associated to stationary installations, were traded, reports local Agerpres. Last year, the state received EUR 195 million from the same source, including the sums coming from the aviation sector. Romania has been a member of the EU Emission Trading Scheme since 2007. The EU ETS works on the “cap and trade” principle. A cap is set on the total amount of certain greenhouse gases that can be emitted by installations covered by the system. The cap is reduced over time so that total emissions fall. editor@romania-insider.com