Sat, May 26 2012

Bulgaria regains carbon trade accreditation

Sun, Feb 06 2011 19:31 CET

byDnevnik.bg

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Bulgaria regains carbon trade accreditation

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Bulgaria has been allowed back into the trade in greenhouse gas emission allowances after the Enforcement Branch of the Compliance Committee of the Kyoto Protocol decided at a meeting in Bonn on February 5 2011 to restore its accreditation.

On the same day, the state's registry of quota transactions was linked up to the EU's Community Independent Transaction Log (CITL) and the International Transaction Log (ITL) of the United Nations.

If the Government manages to find a buyer, it will finally sell the 50 million annual surplus sovereign carbon credits, or Assigned Amount Units (AAUs), that were part of the anti-crisis measures announced in mid-2010.

Bulgaria was stripped of its accreditation in mid-2010 because of a lack of co-ordination among institutions responsible for measuring emissions and a shortage of trained experts.

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