Sale of greenhouse gas emissions allowances brings state budget EUR 15.8 mln in July

Newsroom 08/08/2016 | 11:41

The Romanian state budget has grossed over 15.8 million euros in July, after marketing greenhouse gas emissions allowances associated to stationary installations and the aviation sector on the European Union Emissions Trading System (EU ETS).

In July over 3.3 million allowances related to stationary allowances with a value of around EUR 15.7 million. A total of 14,000 allowances related to the aviation sector sold for EUR 62,860.

In January, the Ministry of Public Finance (MFP) raised EUR 16.5 million from such certificates, followed by around EUR 18.7 million in February, around EUR 17.9 million in March, EUR 18.8 million in April and 14.9 million in May. In June the amount raised was EUR 20.4 million.

According to the MFP, the first phase of the EU Emission Trading Scheme — EU ETS ran between 1 January 2005- 31 December 2007, and the second phase between 2008 – 2012, in correlation with the first period of commitment of the Kyoto Protocol. Romania entered the EU Emission Trading Scheme on 1 January 2007. The third stage of the EU ETS spans eight years, between 1 January 2013 – 31 december 2020.

Georgeta Gheorghe

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